27Nov22: Twenty for 2023

Investing is all about the future, projecting where companies will be a month out, a year out, five years out and beyond. Over the last twelve months the Nasdaq composite index is down 29% and we’re either at the bottom of this trough or very close. And the positive response to the most recent earnings reports suggest stocks may be moving back northward in a sustained fashion. As I’ve said before, when that large pool of money that’s been sitting on the sidelines finally goes back into the market, my guess is it will head toward the value plays first and not the mega caps. With that theory in mind… I present Twenty for 2023: 

Lovesac (LOVE) $393M

fuboTV (FUBO) $527M

DocGo (DCGO) $693M

Nextdoor (KIND) $801M

PubMatic (PUBM) $812M

Perion (PERI) $1.2B

Hims & Hers (HIMS) $1.3B

Magnite (MGNI) $1.4B

LiveRamp (RAMP) $1.4B

Digi (DGII) $1.5B

Digital Turbine (APPS) $1.7B

GoodRx (GDRX) $1.9B

DigitalOcean (DOCN) $2.7B

Duolingo (DUOL) $2.8B

StoneCo (STNE) $3.2B

Ginkgo Bio (DNA) $3.9B

DoubleVerify (DV) $4.2B

Doximity (DOCS) $6.1B

Roku (ROKU) $7.8B

Trade Desk (TTD) $24.2B

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.” -Steve Jobs