This Stock Could 10X in 5 Years
This bear market has been brutal. Numerous stocks have fallen as much as 90%, and some might never recover. Consumer health company Hims & Hers Health (NYSE: HIMS) is 80% off its highs, which means it needs a fivefold increase from here just to get back to its former high.
That's a tall task, but the numbers say Hims & Hers may get there. Not only could Hims & Hers recapture its former peak, but investors could see the stock increase 10X from today's prices over the next five years. Here is the thinking behind that projection. Time to dive in.
Hims & Hers is a digital healthcare company; you can go to its website or smartphone app and receive a consultation from a healthcare professional for many ailments and a prescription (if needed). Hims & Hers treats various conditions in sexual health, hair and skin care, mental health, and more. It also sells over-the-counter products like nutrition supplements and vitamins.
Source Fool.com
