Is This Cathie Wood Stock the Next Big Fintech?
The fintech industry is filled with a plethora of companies and solutions, ranging from small but fast-growing upstarts such as SoFi Technologies and Nu to more mature companies such as PayPal and Block.
Among these popular fintech names is a European company called Adyen (OTC: ADYY.F). After reporting results for the first half of the year, Adyen stock endured an eye-popping sell-off. The company's financial results through the first six months of the year were less than stellar. With that said, I still think the stock could be worth a position in your portfolio.
It's worth taking a deeper look at the company's performance and tie it into some trends in the broader fintech market. I'll also take a look at Adyen stock and benchmark it against a cohort of other fintechs to help assess if the valuation looks attractive.
Source Fool.com
