Shopify (TSE:SHO) Raised to Hold at DZ Bank

Shopify (TSE:SHO) was upgraded by stock analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts also recently issued reports on SHO. Arete Research raised Shopify to a “hold” rating in a report on Wednesday, July 23rd. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Phillip Securities cut Shopify from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. TD Securities upgraded Shopify to a “hold” rating in a research report on Friday, October 3rd. Finally, Loop Capital cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Shopify Stock Performance

Shopify Company Profile

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.