Shopify (TSE:SHO) Upgraded 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 report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on SHO. ATB Cormark Capital Markets upgraded shares of Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Truist Financial upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Wolfe Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Eleven analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

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.