Shares of Shopify Inc. (TSE:SHO – Get Free Report) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eight have given a strong buy rating to the company.
SHO has been the subject of a number of research reports. Loop Capital raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. New Street Research upgraded shares of Shopify to a “hold” rating in a research note on Friday, January 10th. Wedbush raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Benchmark upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 17th.
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