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Nextdoor: Reinvigorating Growth

 

  • Nextdoor Holdings, Inc. is experiencing reinvigorated growth with the return of its founding CEO.
  • The company should exit the year with a 10%+ sales growth rates, adding to investor interest in the local social platform.
  • Nextdoor Holdings stock trades below 2x EV/S targets due to a strong cash balance of $500 million.
After a tough couple of years following the Covid boom, Nextdoor Holdings, Inc. (NYSE:KIND) appears back in growth mode. The local social media player has the founding CEO back in charge and signs of reinvigorated growth are starting to pop up. My investment thesis remains ultra-Bullish on the stock, trading at just $2 despite a strong balance sheet.

Read the full article on Seeking Alpha. 

Disclosure: Long KIND. Please review the disclaimer page for more details. 

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