Shopify (TSE:SHO) Raised to Strong-Buy at Benchmark

Benchmark upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

SHO has been the subject of several other research reports. Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Atb Cap Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. New Street Research upgraded shares of Shopify to a “hold” rating in a research report on Friday, January 10th. Finally, Wedbush upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Shopify has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its 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 business had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

About Shopify

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.