Shopify Inc. (TSE:SHO) Given Average Recommendation of “Buy” by Brokerages

Shopify Inc. (TSE:SHO) has been assigned an average recommendation of “Buy” from the ten brokerages 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 research analysts recently issued reports on the company. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Atb Cap Markets downgraded 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, Cantor Fitzgerald raised shares of Shopify to a “hold” rating in a research report on Thursday, September 5th.

Shopify Price Performance

Shopify (TSE:SHO) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, beating 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 the consensus estimate 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.