Скачать или смотреть Ontrak Stock Could Be Like Buying Twilio Stock in 2016

This past Monday the stock market had its best day of 2021. The Dow rose about 2%, The S&P rose almost 2.5%, and the Nasdaq soared 3%. It was a great day for most everyone except those invested in a small, hypergrowth health-tech company by the name of Ontrak (OTRK).

On the same day that the markets had their best day of 2021, OTRK stock had its worst day in five years, dropping nearly 50% on the day.

What happened?

Ontrak -- which has been in hypergrowth mode for several years thanks to its robust AI-powered, data-driven platform for optimizing behavioral health patient outcomes -- lost its biggest customer.

Specifically, the company said that its biggest healthcare plan partner will stop doing business with Ontrak, effective June 2021, and that this will cause Ontrak's revenue growth rates to spiral from 100%-plus in both 2019 and 2020, to just 20% in 2021.

Ouch.

That's bad news. But it's not a deal-breaker. In fact, upon closer inspection, I see parallels between this situation, and when Twilio (NASDAQ:TWLO) lost its then-biggest customer Uber (NYSE:UBER) back in 2016. Everyone thought that Twilio losing Uber was the end of Twilio's business model. TWLO stock sunk.

But it wasn't. Instead, it was a golden buying opportunity. Twilio's business has thrived ever since then. TWLO stock has soared more than 10X.

I think OTRK stock could do the exact same over the next few years.

Here's why.

Ontrak is a great stock that could score investors big returns, but it’s not the best growth stock to buy today.

Instead, the best growth stock to buy today is a company that reminds me of a young Amazon.

Watch my first-ever Exponential Growth Summit to find out the name, ticker symbol, and key business details of this potential 10X stock pick: https://orders.investorplace.com/?cid...

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On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this video.

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