Thu Sep 19 05:48:09 UTC 2024: ## Shopify Stock Upgraded to “Strong-Buy” by Redburn Atlantic

**Toronto, Canada – September 19, 2024** – Shopify (TSE:SHO), the leading e-commerce platform, received a significant boost today with Redburn Atlantic upgrading its rating from “hold” to “strong-buy.” The upgrade comes amidst a flurry of recent analyst activity surrounding the company.

Other notable ratings include:

* **Argus**: Upgraded to “strong-buy” (August 8th)
* **Evercore ISI**: Upgraded to “strong-buy” (August 8th)
* **Moffett Nathanson**: Downgraded to “hold” (June 6th)
* **Cantor Fitzgerald**: Upgraded to “hold” (September 5th)
* **Wolfe Research**: Upgraded to “strong-buy” (July 16th)

In total, five analysts have rated Shopify a “strong-buy,” while four have issued a “hold” rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy.”

This positive sentiment from analysts reflects confidence in Shopify’s future growth potential and its continued dominance in the e-commerce space. Investors interested in Shopify can sign up for MarketBeat’s free daily email newsletter for the latest news and analyst ratings.

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