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

Shopify (TSE:SHO) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. Rosenblatt Securities upgraded Shopify to a “strong-buy” rating in a report on Wednesday, August 19th. Citigroup lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Rothschild & Co Redburn downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Phillip Securities lowered shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 17th. Finally, BMO Capital Markets upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Twelve investment 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. According to MarketBeat, Shopify has an average rating of “Buy”.

Shopify Stock 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.