Shopify (TSE:SHO) Rating Increased to Strong-Buy at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Shopify (TSE:SHO) to a strong-buy rating in a report issued on Thursday,Zacks reports.

Several other research analysts have also recently commented on SHO. DZ Bank cut Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Rosenblatt Securities raised shares of Shopify to a “strong-buy” rating in a research note on Wednesday, August 19th. BMO Capital Markets raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Jefferies Financial Group raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Citigroup cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Twelve analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Shopify Price 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.