(C) Reuters. 4 Recent IPOs Wall Street Analysts Predict Will Rally 80% or More
Bullish market sentiment and a low-interest-rate environment have coaxed many IPOs to market this year. And more IPOs are lined up this month despite COVID-19-omicron-related concerns. Wall Street analysts expect recently listed stocks Robinhood Markets (NASDAQ:HOOD), DLocal (DLO), ironSource (IS), and Sprinklr (CXM) to rally by more than 80% in price in the near term. So, we think it could be wise to add these names to one’s watchlist now.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), DLocal Limited (DLO), ironSource Ltd. (IS), and Sprinklr, Inc. (CXM) 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.
4 Recent IPOs Wall Street Analysts Predict Will Rally 80% or More
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