(NYSE: SHOP) just cleaved off about 20% of its business, and Wall Street couldn't be happier.
The company in early May announced that it is selling off its logistics segment so that management can focus more on the platform's core growth mission. Shopify also announced first-quarter results along with an updated outlook for the 2023 fiscal year.
Let's take a closer look at these shifts, and whether they make the stock an obvious buy following the recent share price surge.
Source Fool.com