Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Buy” from Analysts

Shopify Inc. (TSE:SHO) has received a consensus recommendation of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a strong buy recommendation to the company.

A number of research firms have weighed in on SHO. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Cantor Fitzgerald raised Shopify to a “hold” rating in a report on Thursday, September 5th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th.

Shopify Price Performance

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