Shopify Inc. (TSE:SHO) Given Consensus Rating of “Buy” by Analysts

Shopify Inc. (TSE:SHO) has received a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a strong buy rating to the company.

A number of equities analysts have recently commented on the stock. Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research note on Thursday, September 5th. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research 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.

Shopify Price Performance

Shopify (TSE:SHO) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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.