Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Buy” from Analysts

Shopify Inc. (TSE:SHO) has been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a strong buy recommendation to the company.

Several research firms recently issued reports on SHO. Wedbush upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Loop Capital raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. New Street Research raised Shopify to a “hold” rating in a research note on Friday, January 10th. Finally, Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

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.