Best Research Ideas
Paying-Up: Assuming Coverage of Payments & FinTech
Jefferies assumes coverage of the Payments & FinTech sector and also initiates on Wise PLC, with Adyenas the top pick. Among midcaps, NETW is rated as a Buy. Key 2023 themes include: 1) Normalization after the post-pandemic rebound, alongside economic slowdown, puts pressure on top-line growth; 2) More consolidation; 3) Interest income a welcome tailwind; and 4) Cost inflation set to weigh on margins.
— Hannes Leitner, Payments & Fin Tech