Despite the Market Turmoil, Fiverr Is No Bubble Stock

Some stocks that skyrocket run out of rocket fuel quickly, then plummet back to Earth and destroy a lot of shareholder value. Others are merely getting started on a much longer growth story. In my view, freelance services specialist Fiverr International (NYSE: FVRR) falls in the second category, and I would strongly recommend putting this growth stock in your portfolio right away. Sure, its stock price has grown sixfold in 2020, but Fiverr is still staring down miles and miles of pristine runway toward much larger gains.

The Israel-based company has been around for more than a decade, but only joined the public market in the summer of 2019, and just hit center stage this year.

The company's services help freelancers in more than 200 categories find gigs. Or, looking at the flip side of the same coin, it helps potential customers find freelancers to perform a wide variety of tasks. As the company's name suggests, each small gig used to pay $5, but many freelancers offering their services through Fiverr now charge a lot more than that.

Source Fool.com