Shopify Inc. (TSE:SHO) Given Consensus Recommendation of “Buy” by Analysts

by · The Cerbat Gem

Shares of Shopify Inc. (TSE:SHO – Get Free Report) have earned a consensus rating of “Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have issued a strong buy recommendation on the company.

Several research firms have recently weighed in on SHO. Loop Capital raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Wedbush raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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Shopify Price Performance

Shopify (TSE:SHO – Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, beating 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.

Shopify Company Profile

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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.

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