Shopify Inc. (TSE:SHO) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Shopify Inc. (TSE:SHO) have been assigned an average rating of “Strong Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and twelve have issued a strong buy recommendation on the company.

A number of analysts have issued reports on the company. Wolfe Research raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. DZ Bank raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Scotiabank raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, TD Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th.

Shopify Price 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. 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.