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Poshmark, Inc. (POSH) reports more than $500 million in cash that can be immediately invested in marketing. If management can successfully increase the number of clients in its social media as well as enhance engagement, in my view, the target price could stand
Analyst’s Disclosure:I/we have a beneficial long position in the shares of POSH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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