Shopify (TSE:SHO) Upgraded to “Strong-Buy” at Mizuho

Shopify (TSE:SHO) was upgraded by stock analysts at Mizuho from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. BNP Paribas Exane upgraded Shopify to a “hold” rating in a research report on Monday, November 24th. Scotiabank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Arete Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, TD Securities upgraded shares of Shopify to a “hold” rating in a research report on Thursday, December 4th. Eight investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Shopify Price Performance

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. 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.