Shopify (TSE:SHO) Stock Rating Upgraded by Needham & Company LLC

Needham & Company LLC upgraded shares of Shopify (TSE:SHOFree Report) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. Atb Cap Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 8th. BNP Paribas lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th. Capital One Financial upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 8th. Finally, BMO Capital Markets upgraded Shopify to a “strong-buy” rating in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating and nine have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

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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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