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Shopify Inc(SHOP-T)
TSX

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Shopify:Stocks Analysts Recently Upgraded on TSX (SHOP)

AI-generated - The Globe and Mail - Mon Nov 6, 2023

Shopify Inc is among the group of Toronto Stock Exchange stocks recently upgraded by analysts. This means each stock on this list has seen its averge consensus value move up in the last week, so at least one analyst has upgraded their view on these stocks.

This report is generated monthly. It displays the number of analysts along with their buy-hold-sell ratings for the company. A company is included when its mean rating increases from the previous week. Stocks in this category are held primarily for capital appreciation.

Companies can get upgraded for a number of reasons - but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

SymbolNameBuyOut PerformHoldUnder PerformSellNo OpinionMean RatingPrev Mean RatingMean Label
SHOPShopify Inc11060004.29414.25Outperform
CDAYCeridian HCM Holding Inc2200004.54Outperform
MXMethanex Corp2130003.83333.5Outperform
FCR-UNFirst Capital REIT6100004.85714.4286Buy

All data provided as of November 02, 2023.

More about Shopify Inc

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify Inc is listed under SHOP on the Toronto Stock Exchange.

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