Shopify (TSE:SHO) Upgraded at Benchmark

Shopify (TSE:SHO) was upgraded by equities researchers at Benchmark from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. New Street Research upgraded Shopify to a “hold” rating in a research note on Friday, January 10th. Wedbush upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last released 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 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.