OLO - Olo: A Software Stock Ready to 10x This Decade?
Stocks that went public in 2021 have generally done terribly for investors. Whether through a special-purpose acquisition (SPAC) merger or an initial public offering (IPO), if you were new to the public markets in 2021, your shares were likely down big in 2022.
Restaurant software provider Olo (NYSE: OLO) was one of these companies. The stock is down 76% since going public in early 2021, even though the business continues to show strong growth. This combination of a precipitously falling share price and strong financial performance can be a recipe for fantastic buying opportunities if you have a long-term time horizon.
Could Olo stock go up 10 times in value for investors this decade? Let's take a look.
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Olo: A Software Stock Ready to 10x This Decade?