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

Shopify Inc. (TSE:SHO) has earned a consensus recommendation of “Strong Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and eleven have assigned a strong buy rating to the company.

SHO has been the subject of a number of research analyst reports. Truist Financial raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Scotiabank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Arete Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. DZ Bank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Finally, TD Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th.

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.