BUY Conviction3/5 Analysis quality75/100 Price target26 now
The YouTuber recommends buying ON24, a cloud-based platform for virtual events, which went public during the pandemic's peak and has since seen its stock price fall. He argues that while initial IPO pricing was too high, the company still exhibits solid growth, a large estimated market, and increasing customer accounts, especially larger ones. The stock is now trading at a much more attractive price-to-sales multiple and is technically oversold.
“The shares just entered oversold territory with an rsi of 29 and that two and a half times multiple on the price to sales ratio is very attractive for the next generation cloud services company.”