Stefan Waldhauser – eToro Popular Investor

Upwork Stock: Panic in the Market, Patience in the Investment Case

Deutschland

8 h

After the latest sell-off, Upwork $UPWK (Upwork Inc) is now trading at roughly 1x EV/Sales. That is usually the kind of valuation the market assigns to a broken platform company. But Upwork remains highly profitable, is aggressively buying back its own shares, and is launching a new enterprise platform... Mehr anzeigen Übersetzen

Upwork is under pressure following a revenue warning and job cuts. Given its high profitability, strong balance sheet, and low valuation, one must ask: Is it a value trap or an opportunity?

Deutschland

8 d

Following the Nasdaq, S&P is now also actively considering setting aside established rules (such as profitability) to grant new megacaps (i.e., SpaceX, OpenAI, Anthropic) rapid access to the S&P 500 and related ETFs following their IPOs. Have they all lost their minds? I hope this stupid proposal gets... Mehr anzeigen Übersetzen

Duolingo After the Crash: Is the Owl Cheap Enough Now?

Deutschland

9 d

Duolingo after Q1/26 is a fascinating setup: The growth story is damaged. The business remains highly profitable. The balance sheet is strong. Free cash flow is impressive. And the valuation has finally come down to earth. The owl is wounded. But not dead. That’s where $DUOL (Duolingo) gets really interesting... Mehr anzeigen Übersetzen

Duolingo's growth has slowed down considerably, but its valuation is looking attractive again after the stock price plummeted.

Barry Diller lays IAC Holding to rest

Deutschland

15 d

To me, Barry Diller’s renaming of IAC to People Inc. seems like a formal confirmation that the company has entered a new phase and that the holding structure is being dissolved. This could pave the way for a fairer valuation. As a result, IAC stock remains the top holding in my eToro portfolio. open.substack.com/pub/hightechinvesting/p/barry-diller-lays-iac-holding-to?utm_campaign=post-expanded-share&utm_medium=web... Mehr anzeigen Übersetzen

IAC is becoming People Incorporated. The rebranding signifies more than just a new name; it officially confirms a radically simplified investment story.

When Former High-Growth Stars Turn into Share-Cannibals

Deutschland

22 d

Adobe has just announced a 25 billion USD share buyback program; at the current share price, this would allow them to repurchase 25% of all outstanding shares. Is this how a company behaves when its cash flows are imploding due to AI disruption? No, this demonstrates strong confidence in its own resilience.... Mehr anzeigen Übersetzen

How tech companies are buying back their own shares - and why this could be one of the most underrated sources of returns for investors.

Twilio Stock: Why I Sold After a +100% Gain

Deutschland

1 Monat

Maybe you have noticed that I sold my $TWLO (Twilio Inc A) position. My exit from Twilio does not reflect a lack of confidence in the company’s operational performance. On the contrary: Twilio had a strong year in 2025. My exit is the result of a sober assessment of valuation and growth quality within... Mehr anzeigen Übersetzen

Twilio delivered strong results in 2025, including more growth, profitability, and free cash flow. Yet, I still sold the stock after it doubled in price for a good reason.

Deutschland

CNN’s widely followed “Fear & Greed” Index has now fallen into the “extreme fear” zone for the third time in the past twelve months. This means that the U.S. stock market is dominated by widespread pessimism among investors. In the past, this has often been a positive sign in the short term, as it suggests... Mehr anzeigen Übersetzen

Deutschland

In 6 months (since I started my investment) UiPath went from 12$ to nearly 20$… and back to 12$ - For a moment the market priced $PATH (UiPath Inc.) as an AI winner. Then the hype got erased. In my latest update I break down the Q4/FY26 numbers, FY27 guidance, valuation — and a plausible takeover optionality.... Mehr anzeigen Übersetzen

PATH

UiPath Inc.

9.75

0.28 (2.96%)

Deutschland

IAC Holding: Is the Next Billion-Dollar Spinoff on the Horizon?

$IAC (IAC Inc) is the largest position in my eToro portfolio. It seems that I was quite conservative in my latest sum-of-the-parts analysis. IAC has just sold care.com for 320 million USD to a private equity buyer. The asset was previously valued at zero by the market. With this cash injection, IAC... Mehr anzeigen Übersetzen

Investing in IAC today is like getting a dollar for 50 cents. This is what makes IAC a high-conviction stock in my portfolio.

Deutschland