While many retail investors and traders are well aware of all the most buzzworthy stocks on the market, it’s easy to let some of the newer up-and-coming names to accidentally slip through the cracks.
As it turns out, though, investing in those burgeoning companies might end up bringing even greater returns than some of the bigger, better-known names.
You just have to know where to look.
Each of these three companies recently made its debut on the New York Stock Exchange, and each has shown significant promise since then — If they continue to perform as well as traders have seen them do thus far, then investing in any one of them (or even all three) could end up being quite lucrative.
SoFi Could Disrupt Banks
While its products and services might make them sound like one, SoFi Technologies Inc. is not actually a bank. Instead, SoFi describes itself as an online personal finance company.
Founded back in 2011, SoFi specializes in mobile-based financial services such as personal loans, mortgages, student loan refinancing, credit card management, and even investing.
While it also has a desktop version, SoFi prioritizes its mobile app to appeal to those who live life on the move.
Founders Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady are all four alums of Stanford Graduate School of Business, and this is the place where they got the idea to create SoFi in the first place — they wanted to help those who had to take on debt just to get an education, and thus, SoFi was born.
While SoFi has been around for almost a decade now, it just went public at the end of the first quarter of the 2021 fiscal year (in other words, June of 2021.). While that’s a short duration, SoFi has been privately traded since December of 2020.
Since then, the price per share has gone on a rollercoaster ride: from over $25 in January of 2021 down to under $15 in May of 2021 back up to $23 in June (upon its public debut) and back down to $16 in July.
While this might seem like a tumultuous stock to invest in, it could be a harbinger for things to come – is SoFi stock set for another big rise very soon?
On the low end, analysts predict a high of $25 per share over the next 12 months. On the high end, they forecast a high of $30 during the same time period. This makes it a very noteworthy opportunity for retail traders and investors looking to get in on the SoFi action.
monday.com Annual Revenues Are Stellar
Over the past year or so of work-from-home, Slack and Microsoft Teams took center stage. These are platforms that allow colleagues to communicate with one another more casually than emailing but more professionally than texting.
New kid on the block, monday.com, is in this same wheelhouse with a few key differences.
Since its founding in 2012 and its eventual launch in 2014, monday.com Ltd. made it a priority to include over 100 automation recipes and integration with at least 50 other apps.
This impressive amount of collaborative software integrated right into the framework makes monday.com so much more than just a work management software (and so much more attractive to investors and traders as a result).
Unlike SoFi, monday.com was never privately traded.
When it debuted publicly on the New York Stock Exchange in June of 2021, it was truly a debut: no one had ever had the chance to invest in monday.com before then.
While this leaves a little time to analyze and make predictions from, it’s been a promising month nonetheless.
On June 11, monday.com stock traded for $189 per share. One week later, it was trading for $232 per share. Analysts forecast continued growth and success for the company over the coming 12 months.
On the low end, they predict a high of $240. On the high end, analysts contend that a high of $280 per share is possible. Even if you split the difference between the two, that’s still over $260 per share if things continue to go well for monday.com.
There’s good reason for the optimism. Revenues for FY 2020 were reported at $161 million, a year-over-year increase of 106% compared to 2019 figures of $78.1 million.
Analysts project $886 million by FY 2025, which would make today’s valuation under $10 billion very cheap indeed on a price-to-sales basis.
ZipRecruiter 2025 Revenues To Hit $1 Billion?
It’s no surprise to learn that the COVID-19 pandemic has been incredibly tough on jobs.
With many companies moving to work-from-home for the safety of their staff and plenty of others trimming off any jobs deemed no longer appropriate in such an environment, millions of individuals have found themselves without a job and still continue to search for one well into the summer of 2021.
This is where ZipRecruiter comes in.
Founded over a decade ago in 2010 by Ian Siegel, Joe Edmunds, Ward Poulos, and Will Redd, ZipRecruiter serves to help both employers and employees find the right fit for them: Through its platform, employers can search through potential candidates and employees can search for the perfect position.
It’s made the site quite a hit over the past 16 months or so — enough so that ZipRecruiter has recently decided to go public.
After hitting the New York Stock Exchange at the end of May of 2021, trading for $21 a share, ZipRecruiter stock rose up to over $24.50 the following week, then sank back down to just over $21.25 in the weeks after that, then shot back up to almost $26 in the beginning of July.
Analysts forecast that the future will be bright for ZipRecruiter. On the low end, they predict to see shares stay around the $24 range over the next 12 months. On the high end, they estimate a rise all the way up to $36 a share over the next 12 months.
By 2025, revenues are estimated to top $1 billion a year which would place a 2.5 price-to-sales ratio. In other words, today’s market cap could be a steal.
The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.