GSHD - This Finance Stock Is Up 110% This Year. Here's Why It's Not Too Late to Buy.
2023-10-13 06:15:00 ET
After a turbulent year, the stock market is roaring back in 2023. Amid the resurgence, the S&P 500 index has gained 14%. However, one hidden gem that has soared even higher, overcoming last year's challenges, is Goosehead Insurance (NASDAQ: GSHD) .
Since the start of the year, Goosehead's stock has surged 110%. The insurance agency has weathered a stormy period but has made strides toward improved profitability and efficiency. Guided by a management team with a blueprint for rapid expansion, Goosehead is positioned well for stellar growth. Despite the stock's substantial gains this year, it's still down 60% from its all-time high and presents a compelling long-term investment opportunity. Here's why it's not too late to add this growth stock.
Goosehead is a business that connects insurance companies with individuals, helping them find policies to protect themselves from accidents, property damage, or other risks. It has created a proprietary platform to help agents quickly get quotes and connect with prospective customers.
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This Finance Stock Is Up 110% This Year. Here's Why It's Not Too Late to Buy.