Where Will Fiverr Stock Be in 5 Years?
With shares down 92% from an all-time high of $323, reached in February 2021, Fiverr (NYSE: FVRR) is one of several pandemic-era winners that rapidly lost Wall Street's favor as the economic situation normalized. But is the company's rock-bottom stock price a buying opportunity, or a warning for investors to stay far away? Let's discuss what the next five years could have in store for this battered business.
Founded in 2010, Fiverr is an Israel-based freelancer platform designed to connect remote workers with people who need their services. Unlike rival platforms (such as Upwork), where clients post jobs and receive offers, Fiverr's talent offers services for a set price. This system streamlines the selection process, making Fiverr more convenient for both workers and clients.
Unsurprisingly, Fiverr's business model benefited during the COVID stay-at-home boom when small businesses lost access to in-person staff, and people turned to work-from-home to make extra money. However, at present the company has slowed down considerably.
Source Fool.com
