1 Fintech Stock Wall Street Thinks Could Soar
Fintech stocks haven't been a high-performing group this year as investors flee to safe stocks. As a category, fintech is high-growth and tech-based, two labels that for the most part describe a riskier class of stocks.
But just because many fintechs are out of favor right now, that doesn't mean they don't have a great future. Many are demonstrating soaring growth even amid bearish market conditions, and it's only a matter of time until investors recognize the opportunities they offer.
One stock that's been volatile lately is digital credit card platform Marqeta (NASDAQ: MQ). Its price has only fallen since debuting on the stock market last year at $27. It's down about 75% since then. At this price, the average Wall Street analyst target is 60% higher, with a high estimate of 114%. What should investors think?
Source Fool.com
