Shopify Inc. (TSE:SHO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Shopify Inc. (TSE:SHO) have been given a consensus rating of “Buy” by the eighteen research firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and twelve have assigned a strong buy recommendation to the company.

SHO has been the topic of several analyst reports. Rothschild & Co Redburn lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Citigroup downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Jefferies Financial Group raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th. BMO Capital Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Rosenblatt Securities raised Shopify to a “strong-buy” rating in a research note on Wednesday, August 19th.

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.