Shopify (TSE:SHO) Rating Increased to Strong-Buy at Wedbush

Shopify (TSE:SHO) was upgraded by investment analysts at Wedbush from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and seven have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.13. The business had revenue of C$2.95 billion during the quarter, compared to analyst estimates of C$2.90 billion.

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.