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

Shares of Shopify Inc. (TSE:SHO) have earned an average rating of “Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have given a strong buy rating to the company.

SHO has been the subject of several recent research reports. Atb Cap Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research report on Thursday, September 5th.

Shopify Price Performance

Shopify (TSE:SHO) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion for 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.