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

Shares of Shopify Inc. (TSE:SHO) have received an average recommendation of “Buy” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and twelve have assigned a strong buy recommendation to the company.

Several research analysts have recently weighed in on the stock. DZ Bank lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Phillip Securities lowered shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. BMO Capital Markets raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Citigroup lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 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.