Rosenblatt Securities Upgrades Shopify (TSE:SHO) to Strong-Buy

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

Other research analysts have also recently issued reports about the company. Phillip Securities cut Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday. Jefferies Financial Group raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Rothschild & Co Redburn cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. DZ Bank lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Citigroup cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Eleven equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Shopify Price 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.