Why You Should Buy This Undervalued Stock Before Everyone Else Does
Coming off one of the stock market's worst years in a long time, there are some promising undervalued growth stocks to consider buying at the start of 2023. But I would keep my eye on one overlooked gem in the consumer area.
IAC (NASDAQ: IAC) is one of the most promising growth stocks that no one talks about. IAC is basically a holding company of consumer products and brands. The company has acquired and spun-off many businesses over the years since its founding, turning a $100 investment in 1995 into $4,000 at the stock's peak in 2021.
The stock is currently trading 71% below its all-time high. The market could be significantly undervaluing the company's future growth, particularly the huge opportunity with one of its top brands, the home services provider Angi (formerly Angie's List).
Source Fool.com
