4 Recent IPOs Wall Street Analysts Predict Will Rally 80% or More

The low-interest-rate environment has contributed to the IPO boom over the past year. According to a Stock Analysis report, there has been a record number of 1,003 IPOs this year, representing a 138.8% increase over…

the same period last year. With a more than $100 billion market valuation, Rivian Automotive Inc.’s (RIVN) stock market debut is considered the world’s biggest IPO in 2021.

And the IPO frenzy seems far from over. More IPOs are lined up this month. Investors’ concerns over rising inflation and the omicron variant have been keeping the stock market volatile. Nevertheless, investors remain bullish as the economy gradually recovers, and corporate earnings are expected to be strong in the fourth quarter. According to a Factset report, industry analysts expect the S&P 500 to report record-high EPS in 2022.

So, we think recently listed stocks Robinhood Markets, Inc. (HOOD – Get Rating), DLocal Limited (DLO – Get Rating), ironSource Ltd. (IS – Get Rating), and Sprinklr, Inc. (CXM – Get Rating) could be good additions to one’s watchlist now. Wall Street analysts expect these stocks to rally by more than 80% in the near term.

Robinhood Markets, Inc. (HOOD – Get Rating)

Famous financial services platform provider HOOD is focused on developing an application for cash management, such as stocks, ETFs, options, and cryptocurrency. The Menlo Park, Calif., company’s platform facilitates  trading in the U.S. listed stocks, exchange-traded funds (ETFs), options, American depository receipts (ADRs), and cryptocurrency trading.

On December 1, HOOD announced a new feature in its efforts to become a single money app destination that will allow its members to transfer stocks, ETFs, and specific options contracts from any individual, non-retirement brokerage accounts. HOOD also said that it would reimburse the transfer fee of up to $75 charged by the other brokerage to make the transfer if requested by the customer.

HOOD’s revenue for its fiscal third quarter, ended September 30, 2021, increased 35% year-over-year to $364.90 million. The company’s transaction-based revenues increased 32% to $267 million, with cryptocurrencies rising 860% year-over-year to $51 million. Its assets under custody (AUC) increased 115% year-over-year to $95 billion, while its Monthly Active Users (MAUs) increased 76% year-over-year to $18.90 million.

Analysts expect HOOD’s EPS and revenue for its fiscal year 2022 to increase 89.5% and 21.5%, respectively,  year-over-year to $0.72 and $2.21 billion. The stock has lost 41.8% in price over the past month to close Friday’s trading session at $21.55. However, Wall Street analysts expect the stock to hit $45.42 in the near term, indicating a potential 110.7% upside.

DLocal Limited (DLO – Get Rating)

Headquartered in Montevideo, Uruguay, DLO is focused on enabling global merchants to connect with emerging market users. The company offers a payments platform for emerging markets through its direct application programming interface (API), one technology platform and one contract, collectively referred to as the One dLocal model.

On September 23, 2021, DLO announced the launch of…

 

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