- Raymond James analyst John Davis adds Mastercard (NYSE:MA) and Fidelity National Information Services (NYSE:FIS) to his top fintech large cap picks for 2022 following sluggish returns from the group last year.
- Also adds i3 Verticals (NASDAQ:IIIV) and EngageSmart (NYSE:ESMT) to his small and mid cap picks for this year.
- Specifically, fintech stocks (NASDAQ:FINX) -13.6% underperform the S&P 500 index by a wide margin in 2021, with i3 Verticals (IIIV) plunging more than -30%.
- Davis believes that fintechs will benefit from a year of recovery, especially in international travel as the Covid-19 Omicron variant appears to be less severe, the note says. Last year was the "perfect storm" for the group which led to multiple compression, setting the table for a potentially "epic" 2022, he highlights.
- For MA, which Davis rates as an Outperform pick, it will benefit from international travel return as disintermediation fears fade, in addition to the broader macro recovery, the note says.
- Raymond James' Outperform rating disagrees with the Neutral Quant Rating but aligns with the Bullish Wall Street Analyst Rating (22 Very Bullish, 10 Bullish, 5 Neutral).
- With regards to FIS (Strong Buy), Davis thinks the stock is too cheap for durable growth, with a price/earnings-growth ratio of less than 1. See more on FIS' A+ Growth Grade; highlighted by its 99% Y/Y growth in EBIT.
- Previously, (Nov. 5, 2021) Tigress highlighted a buying opportunity for Mastercard stock.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
古いコメントはありません。ソファをつかむ最初のものになりましょう。