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

Shopify Inc. (TSE:SHO) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have issued a strong buy recommendation on the company.

Several brokerages have recently commented on SHO. Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Wedbush upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th.

Shopify Price Performance

Shopify (TSE:SHO) last released its earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.13. The business had revenue of C$2.95 billion during the quarter, compared to analysts’ expectations 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.