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

Shares of Shopify Inc. (TSE:SHO) have been assigned an average rating of “Strong Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and twelve have assigned a strong buy recommendation to the company.

SHO has been the subject of several recent research reports. Rothschild & Co Redburn cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Citigroup cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. BMO Capital Markets raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th.

Shopify Stock 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.