Shopify Inc. (TSE:SHO – Get Free Report) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have given a strong buy rating to the company.
Several research firms have commented on SHO. Phillip Securities cut shares of Shopify from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Loop Capital lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Arete Research upgraded shares of Shopify to a “hold” rating in a research report on Wednesday, July 23rd. Needham & Company LLC raised Shopify to a “moderate buy” rating in a report on Monday, July 14th. Finally, TD Securities upgraded Shopify to a “hold” rating in a research note on Friday, October 3rd.
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About Shopify
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