Updated consumer sentiment surveys bolster the "shop stock price forecast", suggesting resilience in discretionary spending despite inflationary pressures. Prior to today's trading, shares of the cloud-based commerce company had gained 6.67% lagged the Computer and Technology sector's gain of 8.78% and outpaced the S&P 500's gain of 3.94%. Management knows this, and they spend a lot of time discussing FCF margins (just like their competitor Amazon - see my July 8 Barchart article on AMZN). The "shop stock price forecast" incorporates technical chart patterns, with a cup-and-handle formation hinting at extended bullish continuation.