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

by Mike Robinson

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© Reuters. Wall Street analysts predict that 4 IPOs will rally 80% or more

Numerous IPOs were brought to market in this year’s low-interest rate environment and bullish market sentiment. And more IPOs are lined up this month despite COVID-19-omicron-related concerns. Wall Street analysts believe that stocks recently listed will be able to go public. Robinhood Markets (NASDAQ:), DLocal(DLO), ironSource/IS, and Sprinklr(CXM) will see a price increase of more than 80% over the next few months. 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. Stock Analysis reports that this year saw a record 1,003 IPOs, a rise of 138.8% over 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.

The IPO frenzy appears to be far from over. There are many more IPOs planned for this month. Investors’ concerns over rising inflation and the omicron variant have been keeping the stock market volatile. Investors are still bullish, however, as the economy recovers slowly, and earnings from corporations should rise 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 predict these stocks will rally more than 80% over the short term.

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