Shopify Inc. (TSE:SHO) Given Consensus Recommendation of “Strong Buy” by Analysts

Shopify Inc. (TSE:SHO) has earned an average rating of “Strong Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and ten have assigned a strong buy rating to the company.

A number of research firms have issued reports on SHO. DZ Bank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Piper Sandler raised Shopify to a “strong-buy” rating in a research report on Wednesday, March 11th. Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, ATB Cormark Capital Markets raised Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th.

Shopify Stock 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.