Shopify Inc. (TSE:SHO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shopify Inc. (TSE:SHO) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company.

Several research firms have weighed in on SHO. Scotiabank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. TD Securities upgraded shares of Shopify to a “hold” rating in a report on Thursday, December 4th. Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, BNP Paribas raised shares of Shopify to a “hold” rating in a research report on Monday, November 24th.

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.