Is Fiverr a Multimillionaire-Maker Stock?
Earning outstanding returns in equity markets sometimes requires a contrarian mindset and the ability to identify stocks that, despite significant challenges, can recover and perform well over the long run. Does that description fit Fiverr (NYSE: FVRR)? The company has lost substantial market value over the past five years, but if Fiverr can bounce back from recent woes and benefit from industrywide tailwinds, it might deliver superior returns to patient investors. However, does it have what it takes to turn average investors into millionaires? Let's find out.
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Fiverr is a platform that helps freelancers promote themselves, market their skills, and connect with businesses seeking their services. For freelancers, Fiverr is a quick, easy way to get started without building a website from scratch, and companies can also hire workers quickly on a freelance or contract basis. Fiverr earns money primarily by taking a cut of the total amount for each transaction it facilitates on its platform. So, as more people join the gig economy -- be it on a full-time or part-time basis to earn some extra cash -- and as more businesses look for such services, Fiverr's addressable market will expand. According to some estimates, the gig economy will grow at a compound annual rate of 15.79% through 2035.
Source Fool.com
