Phillip Securities Upgrades Shopify (TSE:SHO) to Strong-Buy

Shopify (TSE:SHO) was upgraded by research analysts at Phillip Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

SHO has been the topic of several other reports. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Arete Research raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. DZ Bank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday. TD Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Eleven research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.