Shopify (TSE:SHO) Rating Increased to Strong-Buy at DZ Bank

DZ Bank upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on SHO. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. ATB Cormark Capital Markets raised shares of Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Arete Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. BNP Paribas Exane raised shares of Shopify to a “hold” rating in a report on Monday, November 24th. Finally, Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Ten analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

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.