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