FVRR - This Small-Cap Stock Could Ride the AI Tailwinds to Market-Beating Returns. Time to Buy?
2024-06-25 09:53:00 ET
Freelance marketplace Fiverr International (NYSE: FVRR) has fallen dramatically from its former glory as a darling of the early pandemic era. The stock is down 93% from the high it touched in February 2021, which has investors (understandably) doubting its merits as a long-term investment.
The company's latest woes stem from the market's concern that artificial intelligence (AI) could replace many of the jobs that freelancers offer to do on Fiverr, which would spell trouble for the marketplace's long-term prospects.
But that fear appears misplaced to me, and this small-cap stock is far from down and out.
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This Small-Cap Stock Could Ride the AI Tailwinds to Market-Beating Returns. Time to Buy?