Shopify Inc. (TSE:SHO) Receives Average Rating of “Buy” from Analysts

Shares of Shopify Inc. (TSE:SHO) have been given an average rating of “Buy” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a strong buy recommendation to the company.

Several research firms have recently issued reports on SHO. Cantor Fitzgerald raised shares of Shopify to a “hold” rating in a research report on Thursday, September 5th. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Loop Capital raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th.

Shopify Price Performance

Shopify (TSE:SHO) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion for the quarter, compared to the consensus estimate of C$2.90 billion.

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.