Shopify (TSE:SHO) Upgraded by Wedbush to “Strong-Buy” Rating

Shopify (TSE:SHO) was upgraded by analysts at Wedbush from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on SHO. Loop Capital raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and seven have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last posted its earnings results on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The business 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.