Shopify Inc. (TSE:SHO) Stock Rated “Buy” by Wall Street Brokerages

Shopify Inc. (TSE:SHO) has been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and twelve have given a strong buy recommendation to the company.

A number of brokerages have issued reports on SHO. DZ Bank cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Rothschild & Co Redburn cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Citigroup downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. BMO Capital Markets raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Sanford C. Bernstein upgraded Shopify to a “strong-buy” rating in a research report on Thursday, September 10th.

Shopify Price 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.