When considering which businesses to add to your portfolio, price should not be the only factor you look at. It’s important to also consider the strength of the company’s underlying business, its competitive advantage, and potential for growth. Your investing style, capital, and risk tolerance will also play a role in selecting the right stocks for your portfolio.
If you’re on the lookout for undervalued stocks with long-term potential, two companies worth considering are Hims & Hers and Upstart.
Hims & Hers operates a health and wellness platform that offers telehealth services, prescriptions, and over-the-counter products through a subscription model. The company recently entered the weight loss market and has seen strong revenue growth and subscriber growth. With a reasonable price-to-sales ratio, Hims & Hers looks promising in the healthcare sector.
On the other hand, Upstart operates a lending platform powered by machine learning and AI. Despite a decline in its stock price, Upstart’s innovative approach to lending has potential in the $4 trillion total addressable market. While its business model is subject to economic conditions, investors with a higher risk tolerance may find value in Upstart’s disruptive technology.
Both Hims & Hers and Upstart offer unique opportunities for investors looking for compelling stocks with growth potential. Consider adding them to your buy list after careful evaluation of your investment goals and risk appetite.