TALK - Talkspace: After Doubling There's Still Room To Rally
2024-04-02 15:17:47 ET
Summary
- Talkspace's share price has surged 50% YTD and has more room for growth, despite receiving less attention than AI companies.
- The company plans for accelerating growth in FY24, with expectations of consistent growth of over 20% for the next three years.
- Talkspace's valuation is still relatively low at 2.5x EV/FY24 revenue, leaving room for further multiple expansion.
Being successful in this stock market often means going after under-recognized small-cap names that have nothing to do with AI or other market trends. Especially with the S&P 500 continuing to flirt near all-time highs, it's a great time for investors to be looking for contrarian plays....
Talkspace: After Doubling, There's Still Room To Rally