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

Shares of Shopify Inc. (TSE:SHO) have earned an average recommendation of “Strong Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a strong buy recommendation to the company.

Several analysts have recently issued reports on SHO shares. Capital One Financial upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. BMO Capital Markets raised shares of Shopify to a “strong-buy” rating in a research report on Tuesday, May 6th. Phillip Securities lowered shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 17th. Atb Cap Markets raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Finally, BNP Paribas downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th.

Shopify Stock Performance

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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.