KIND - These 2 Under-the-Radar Stocks Have Incredibly Bright Futures
2023-08-22 11:45:00 ET
There are bargains to be had, even in a year when the market averages have shot higher. You might be surprised to find that even some household names are still largely ignored by mainstream investors. Sonos (NASDAQ: SONO) and Nextdoor (NYSE: KIND) are two names that aren't exactly pinging most market mavens' radars.
You might know the two consumer-facing companies, but did you know that they command market caps of $1.8 million or less? These are cash-rich companies where the enterprise values are even lower. Let's take a closer look at these two stocks that I think have bright futures and can trounce the market in the coming years.
Sonos is a pioneer in the home audio market. It was the first company to offer a wireless multiroom speaker system, streaming seamlessly though an entire home. Despite competing against three most of the most valuable companies in the country putting out cheap and often subsidized smart speaker systems, audiophiles continue to pay up for the quality and reliability that Sonos delivers.
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These 2 Under-the-Radar Stocks Have Incredibly Bright Futures