FVRR - Will Fiverr Recover in 2022?
Shares of Fiverr (NYSE: FVRR) have not done well in 2021, sinking 42% year to date and 66% off their all-time highs. This has been primarily because many investors believed that Fiverr was only useful when the entire world was forced to quarantine during the COVID-19 pandemic. As lockdowns are becoming rarer, many investors no longer see a need for Fiverr.
The assumption that Fiverr is only a pandemic play is misguided, however. Fiverr is helping change how the world works, and as seen from The Great Resignation, it is clear that how people work is being greatly altered. This may take a while to become evident to the majority of investors, potentially meaning that shares of Fiverr might not recover in 2022. However, over the next five years, I think shares should recover and even pass their all-time highs again.
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Will Fiverr Recover in 2022?