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

Shares of Shopify Inc. (TSE:SHO) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a strong buy recommendation to the company.

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

Shopify Price Performance

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