Shopify Inc. (TSE:SHO – Get Free Report) has been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and eight have given a strong buy rating to the company.
A number of research analysts have weighed in on SHO shares. Benchmark raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Wedbush raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Loop Capital raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. New Street Research upgraded Shopify to a “hold” rating in a report on Friday, January 10th. Finally, Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 17th.
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About Shopify
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