Shopify Inc. (TSE:SHO) Given Average Rating of “Buy” by Analysts

Shopify Inc. (TSE:SHO) has been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and eight have given a strong buy rating to the company.

Several equities research analysts recently issued reports on SHO shares. Phillip Securities lowered Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Benchmark raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Wedbush raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, New Street Research raised shares of Shopify to a “hold” rating in a research note on Friday, January 10th.

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About Shopify

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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.