Is inflation taking a bite out of consumers' budgets or are they still finding the funds to purchase their favorite snacks?) CEO Dirk Van de Put to talk about the beverage and food company's first-quarter earnings beat as consumers struggle to manage under"We can detect that there is a group of consumers, particularly the lower-income consumers in the US, that are being affected by everything they see, interest rates, andthat went away and so on.
Shopify stock was climbing Monday after an analyst upgraded shares of the e-commerce platform on confidence in growth. Citi analyst Tyler Radke upgraded shares of Shopify to Buy from Neutral, and increased his target price to $105 from $93, which implies a 47% increase in the stock price as of Friday’s close. “Our Deep-Dive analysis into SHOP’s Merchant Solutions business gives us confidence in SHOP’s long-term growth,” Radke wrote in a research note.
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