HIMS - Here's My Top Growth Stock to Buy Right Now
2024-07-20 09:00:00 ET
With shares up a blistering 150% year to date, Hims & Hers Health (NYSE: HIMS) boasts everything an investor could dream of these days: rapid expansion, a vast addressable market, and a reasonable valuation. Let's explore why it is my top growth stock to buy right now, as it builds a bridge between traditional healthcare and digital commerce.
Founded in 2017, Hims & Hers is a telehealth company that provides medical consultations, prescription drugs, and over-the-counter healthcare products online . It established its niche by focusing on more sensitive consumer needs like sexual health, birth control, and hair loss.
After hitting public markets through a special-purpose acquisition company (SPAC) in 2020, Hims became a household name because of pandemic-era stay-at-home demand and its edgy marketing strategy.
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Here's My Top Growth Stock to Buy Right Now