Shopify keeps rallying despite downgrades; what's the catch?

Key PointsShopify has gained 75% since November, with shares continuing to gain this month.In the meantime, they've received four downgrades with plenty of cautious comments. It's looking like the risk-on sentiment is too bullish to hold shares back, and the rally is on until it's not.5 stocks we like better than ShopifyIt's perhaps a sign of the times that we are once again seeing tech stocks defy gravity. With inflation looking increasingly tamed and expectations continuing to rise for a rate cut from the ...