Shopify (TSE:SHO) Upgraded to Strong-Buy at Rosenblatt Securities

Shopify (TSE:SHO) was upgraded by equities research analysts at Rosenblatt Securities to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. DZ Bank downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. BMO Capital Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Jefferies Financial Group raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Rothschild & Co Redburn downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Phillip Securities lowered Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Shopify Stock Performance

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. 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.