Is It Too Late to Buy Semrush Stock?
After Semrush (NYSE: SEMR) reported strong earnings growth in its third quarter on November 9th, shares of the company sank, but they recovered again by the end of the week. This came after Semrush reported strong earnings, beating on both the top and bottom line. That's the third time out of its three quarters as a public company where it has done so.
Shares are now up over 106%, and some investors are wondering if they have missed the boat on this strong company. Semrush is a leader in marketing technology. Its immense switching costs and leadership across all areas of the market make me believe that Semrush shares could multiply tenfold or more from here. At just a $3.5 billion market capitalization, I envision Semrush growing much bigger in the next few years. That's why I don't think it is too late to buy shares today.
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Source Fool.com
