Discuss Ocado Group plc
Ocado's recent financial results and future growth potential make it an attractive investment opportunity. Despite the stock's 90% plunge from its all-time high, analysts at Morningstar believe the company is worth nearly three times its current share price. Ocado's technology business, which sells robots to other retailers, is seeing strong growth and driving the company's profitability. While the retail side faces challenges, the long-term shift to online grocery shopping bodes well for Ocado's future. As the CEO urges investors to 'keep the faith,' the combination of a depressed valuation and promising growth prospects makes Ocado a compelling stock to consider adding to your portfolio.
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