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Beware of These 3 Recently Downgraded Fintech Stocks -Breaking

by Mike Robinson

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© Reuters. Watch out for these three recently downgraded fintech stocks

Fintech is bringing about significant changes in the financial sector, but cybersecurity worries continue to be a concern. In this environment, it might be prudent not to invest in fintech stocks Equifax and PagSeguro Digital. Each name has been downgraded by analysts recently. The technology has helped improve finance in many areas, such as payments, lending, and insurance. This industry also plays a major role in helping the world to become digitally-savvy in its communication and operations.

Fintech is changing the way people transact money. However, many fintech businesses have fallen prey to cyberattacks. A study from The Clark School, University of Maryland found that hackers attack on average every 39 seconds. Data breaches and privacy concerns are important for fintech companies due to the sensitive nature data they share.

Recently, analysts have downgraded stocks in fintech. Equifax Inc . (NYSE:), PagSeguro Digital Ltd.(PAGS) and StoneCo Ltd.. (STNE), in light of growing concerns about security and prospects for poor growth. These stocks could be avoided now, according to our opinion.

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