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

Shopify Inc. (TSE:SHO) has earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a strong buy rating on the company.

Several equities research analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research note on Thursday, September 5th. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Shopify Price Performance

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

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.