It’s been nearly a month since EV manufacturer Rivian went public on Nov. 10 with an initial offering price of $78 a share. According to a recent Morgan Stanley Research report, Morgan Stanley initiates on Rivian with an “overweight” rating and a price target of $147, citing Rivian’s potential to be a challenger to Tesla.
Many technology stocks have been seemingly detested lately, but we can find deals today on stocks that could be booming tomorrow by looking at fundamentals. Fintech companies are currently blossoming rapidly, and Marqeta (NASDAQ: MQ) serves a particular purpose in this landscape. Marqeta is a modern card-issuing platform that enables its fintech customers to connect to the existing payment networks like Visa and Mastercard through its application programming interface (API).
PayPal's stock price is down almost 40% from its highs. That makes this a good time to consider buying.