Late 2018 through the end of 2022 was a dark time for WW International. The stock was in the tank, thrown out by Wall Street as a has-been.
But LikeFolio saw something unfolding on Main Street that Wall Street hadn't noticed yet.
We issued a bullish report on the stock near $3.70.
Real-time consumer insights revealed that WW International was gaining momentum with consumers under new leadership -- outperforming other weight management services and home fitness companies in terms of consumer demand all while maintaining high levels of happiness.
We predicted that WW International's stock could gain by more than +100% within the next two years.
This was a bold prediction, but we stood by it, knowing the power of consumer sentiment data in predicting future moves in the stock market.
And we were right.
Since the report was issued, the price of WW stock has increased significantly, rising from $3.73 per share on the day the report was sent to $8.39 per share as of April 18, 2023.
Or nearly +125% in gains in less than 4 months.
- WW acquired Sequence, a move that will allow the company to tap into a rapidly rising demographic: consumers seeking prescription weight loss drugs like Ozempic, Wegovy, and Mounjaro.
- WW received an upgrade last week from a Goldman Sachs analyst adjusting his outlook from neutral to buy with a 12-month price target of $12 -- 3x jump from where it was trading earlier in April. Welcome to the party.
So, what are we watching for NOW, from these new highs?
- Improvements in WW consumer demand (mentions of signing up or using a WW service)
- Continued macro trend tailwinds (namely, demand for weight loss drugs)
WW demand is pacing +8% higher YoY in 23Q2, which kicked off in April. So early signs DO show continued momentum.
And trend tailwinds remain hot:
WW stock is still rolling.
And LikeFolio members had a near-4-month lead time.
Our success in accurately predicting WW International's turnaround, as well as other successful turnaround predictions like Peloton, Chipotle, and Tesla, highlights the value of consumer sentiment data analysis in predicting future trends in the stock market.