In 1999, Cuban sold Broadcast.com for $5.7 billion to Yahoo. Since then, he has invested in a variety of businesses, primarily mission-driven enterprises. He is also the 247th richest man in the United States, having purchased the NBA team Dallas Mavericks for $4.5 billion. Mark Cuban is one of Wall Street’s few self-made billionaires. On some of his portfolio’s top equities, he has seen returns of over 1,000 percent. For a long time, Cuban has been a supporter of blockchain technology and growth stocks.
Here is Insider Monkey’s list of the 10 stocks to consider in the portfolio of Mark Cuban. Live Nation Entertainment, Inc. has announced a stock offering valued at $450 million. The company, which is one of Cuban’s long-term holdings, had previously stated that it would buy a 51 percent stake in OCESA Entretenimiento, a Mexican event organizer. In terms of the value of transactions on the platform, Coinbase Global, Inc. is the largest cryptocurrency exchange in the world. The corporation went public earlier this year and ended the first day of trading with a market capitalization of $86 billion. In preparation for a push into e-commerce, Twitter, Inc. recently changed its targeted advertising algorithm. The move is part of the company’s ambition to treble sales by 2023. The company has a Market Perform rating from BMO Capital, with a $70 price target. The company just outperformed market earnings per share expectations by $0.63 in the third quarter. Revenue increased by 16 percent year over year to $7.4 billion. Analysts upgraded the company’s long-term estimate and extended its free cash flow outlook for 2022. In 2019, Cuban began purchasing Amazon.com, Inc. Since then, the stock’s value has nearly doubled. The stock is still rated Outperform by analysts, with a price objective of $4,000. For more details, click 10 Stocks To Consider In The Portfolio Of Mark Cuban.
