ironSource Stock: Unjustified Sell-Off Presents a Solid Opportunity
Hi everyone, it’s been a while since we last put out a bullish rating on a stock, but here’s our newest one.
This one is on the stock ironSource (ticker: IS).
Quick description: ironSource is a business platform that helps mobile content creators thrive within the app economy. If you have an app, ironSource can help you monetize it.
What Makes ironSource Stock Interesting?
ironSource was a special purpose acquisition company (SPAC) in 2021. Therefore, it got bundled up with all the other low-quality SPAC stocks that crashed.
However, although ironSource stock has crashed too, it’s not the same as the other SPACs that have negative earnings.
It’s a profitable, high-growth stock that has a cheap valuation. Also, it has a flawless balance sheet, offering it a unique advantage in the current bear market, which we discuss in our full article.
ironSource Has Taken a Beating. Will It Continue?
Here’s what IS’s chart looks like. It’s not pretty. Since it’s still in a downtrend, it’s statistically likely to keep trending lower — until it doesn’t. For this reason, it may be wise to buy in increments (depending on your style).
However, we believe that the company’s fundamentals will push the stock higher in the long term, which is why we are giving it a long-term Buy rating.
The chart above is courtesy of TrendSpider, which you can check out here and get 25% off if you use our special discount code “SBR25.” You can also get a 7-day free trial, so there’s no risk if you don’t like it.
Read Our Full ironSource Analysis
We can’t post our full article here since we wrote it for TipRanks.com. The good news is that it’s free to read! Click the button below to read our full analysis on IS stock.
Shameless promos that you guys will find useful: Check out simplywall.st, TipRanks, and Finbox for fundamental analysis. Those sites helped us find ironSource stock and many other top stocks.
Also, if you use our special link for simplywall.st, you will get a 14-day extended free trial and unlimited company views, meaning you can analyze all the stocks you want using their tools (which we use all the time).
If there are any stocks/topics you’d like us to cover, hit us up!
Email: info@stockbrosresearch.com
Twitter @StockBrosTrades