PYFRF - Why FinTech and Digital Payments Are the Future: Analyst's Issues Buy Ratings on Related Stocks | Benzinga
Canaccord analyst Joseph Vafi reiterated a Buy rating on digital asset stocks, including Cipher Mining Inc (NASDAQ: CIFR), HIVE Digital Technologies Ltd (NASDAQ: HIVE), Hut 8 Mining Corp (NASDAQ: HUT), Iris Energy Limited (NASDAQ: IREN).
The analyst also maintained a Buy rating on financial technology stocks, including ACI Worldwide, Inc (NASDAQ: ACIW), Open Lending Corp (NASDAQ: LPRO), Nuvei Corp (NASDAQ: NVEI), Payfare, Inc (OTC: PYFRF) and Pagaya Technologies Ltd (NASDAQ: PGY).
Vafi also reaffirmed a Buy rating on IT and business services stocks, including Concentrix Corp (NASDAQ: CNXC) and ICF International, Inc (NASDAQ: ICFI).
The analyst rerated after hosting ~28 fireside chats across FinTech, Digital Assets, and Tech Services.
Many companies use this slow growth period to boost their competitive positioning, take share, and prepare themselves ...