These 2 Growth Stocks Are Rapidly Approaching Profitability: Here's Why You Might Want to Buy Before They Do
It wasn't too long ago that it was fully acceptable, and maybe even expected, for unprofitable growth stocks to command high valuations as long as they were growing. With access to as much cheap capital as needed, there wasn't much of a need to focus on efficiency.
That's changed over the past couple of years as interest rates have risen and investor appetite for speculation has dwindled. So, we saw many growth companies pivot their focus to creating a sustainable path to profitability, and many succeeded.
However, there were some companies for which profitability seemed many years away, if it would ever happen. Two of those are insurance disruptor Lemonade (NYSE: LMND) and neighborhood social media platform Nextdoor (NYSE: KIND). But now it looks like both could achieve profitability far sooner than even their management teams had expected.
Source Fool.com
