FVRR - Down 90% This Stock Is a Screaming Buy
2023-05-03 07:52:00 ET
Many thought that remote work was a temporary pandemic trend, and that workers would flock back to the office when it was safe to do so. But it isn't playing out that way. Today, the vacancy rate of office real estate in America is climbing, and new office construction starts are plummeting. It seems that remote work is here to stay.
So what companies could benefit from this? Fiverr International (NYSE: FVRR) immediately comes to mind. The company operates a digital marketplace where workers, which Fiverr calls "talent," can sell their services, and individuals and enterprises can purchase them.
The stock was a big COVID-19 winner, but has fallen 90% from its highs. However, once Wall Street figures out that remote work is here to stay, the stock could see a revival.
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Down 90%, This Stock Is a Screaming Buy