With Flex Space Demand Rising, Keep an Eye on WeWork

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Keep an eye on WeWork (WE).

At the moment, the flex space stock is up about 8% on the da.

Better, with flex space demand on the rise, WE stock could be a big winner in the space.

“WeWork is an undervalued play on changing work preferences of both employees and employers. The analyst says the company is well positioned to take share of the flex office market, which is poised to grow 50% in the next three years, as office tenants rethink footprints and lease formats,” noted Mizuho analyst Vikram Malhotra, as quoted by TheFly.com.

The company is also producing solid earnings.

For the quarter, WE posted a net loss of $435 million for the quarter, which is a solid improvement over the $2.03 billion year over year loss.

In addition, as noted by MarketWatch, “WeWork narrowed the ranges for its second-quarter and full-year revenue outlook. It now expects revenue in the second quarter of between $800 million and $825 million, compared with prior guidance of between $775 million and $825 million, and tightened its 2022 revenue guidance to between $3.4 billion and $3.5 billion from its previous outlook of between $3.35 billion and $3.5 billion.”