TD Securities Upgrades Shopify (TSE:SHO) to “Strong-Buy”

Shopify (TSE:SHO) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Atb Cormark Cm upgraded shares of Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wolfe Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. DZ Bank upgraded Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Mizuho upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday. Eight analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently 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.