We saw some disappointing IPOs in 2019, and this year didn't look like a good one for new issues, either -- even before the coronavirus hit. But there's an exception in 1Life Healthcare (NASDAQ: ONEM), better known as One Medical, which has been paying off for early investors thus far.
Its shares first began trading Jan. 31, and while they've been on a bumpy ride for much of the year, the stock is up about 60% in just the past month. The S&P 500, meanwhile, has increased by less than 4% during that time.
With One Medical on such a tear as of late, let's take a look at what's driving the stock's recent surge and whether it has enough gas to reach $50.