Q: After its recent pop, Shop has been sitting in a range. Just consolidating before continuing on an upward trend? Or will it stay flat for the foreseeable future?
thanks
thanks
5i Research Answer:
As a predictive question we of course don't really know, but we would expect it is just consolidation after big gains. If interest rates peak the stock we think will pick up the pace again (depending on earnings results, of course). But we think it is attractive today.