Where Will Hims & Hers Stock Be in 5 Years?
Long-term investing is the key to sustainable returns in the stock market because it smooths out near-term volatility and gives a company time to deliver on its growth or profit potential. This strategy can be particularly useful for smaller growth stocks like Hims & Hers (NYSE: HIMS).
Let's discuss what the next five years could hold for this unique company as it scales its business model and swings toward sustainable profitability.
Founded in 2017, Hims & Hers is a telemedicine company that sells prescription and over-the-counter healthcare products online. It built its brand by focusing on sensitive topics like sexual health, mental health, and hair loss, which people might be uncomfortable discussing in a traditional face-to-face healthcare setting.
Source Fool.com
