Shopify (TSE:SHO) Raised to “Strong-Buy” at Phillip Securities

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

A number of other equities research analysts have also weighed in on SHO. Mizuho raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. ATB Cormark Capital Markets upgraded Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Scotiabank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. TD Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Eleven analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Shopify has an average rating of “Strong 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.