Shopify (TSE:SHO) Raised to “Strong-Buy” at Sanford C. Bernstein

Shopify (TSE:SHO) was upgraded by Sanford C. Bernstein to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

A number of other brokerages have also commented on SHO. BMO Capital Markets raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. DZ Bank lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Rothschild & Co Redburn cut Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, Rosenblatt Securities upgraded Shopify to a “strong-buy” rating in a report on Wednesday, August 19th. Twelve research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Shopify Stock Performance

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. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.