Shopify (TSE:SHO) Stock Rating Upgraded by Moffett Nathanson

Shopify (TSE:SHO) was upgraded by investment analysts at Moffett Nathanson from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on SHO. TD Securities upgraded Shopify to a “hold” rating in a research note on Thursday, December 4th. Atb Cormark Cm raised Shopify from a “hold” rating to a “moderate buy” rating in a research note on Tuesday. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Arete Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Shopify Stock Performance

About Shopify

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. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.