News Formal

This little-known fintech stock could emerge as an industry leader and gain nearly 20%, Loop Capital says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

This little-known fintech stock could be an industry leader and gain nearly 20%, Loop Capital says

Triumph Financial is a "new fintech leader in payments" that the market is underappreciating, according to Loop Capital. The firm initiated coverage of Triumph with a buy rating and a price target of $76 per share. That target implies upside of 17.5% from Tuesday's close.

TriumphPay connects brokers, factoring companies, and carriers in the trucking industry to facilitate payments. "By offering supply chain finance to brokers, it allows them to pay truckers faster. TriumphPay provides tools to increase automation, reduce fraud, and create back-office efficiency in a notoriously slow and labor-intensive process," Goetsch said. To be sure, Goetsch believes the company will not become profitable until 2024, as freight demand slows in 2023.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

Promise?

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

PGA betting: 3 players to back in the Top 20 market in the Phoenix OpenIt's a huge week in sports. Not only is the Super Bowl on Sunday between the Kansas City Chiefs and the Philadelphia Eagles, but one of golf's most entertaining and fun tournaments starts Thursday, the Waste Management Phoenix Open.
ソース: WOKVNews - 🏆 247. / 63 続きを読む »

20 DeFi Projects, including Balancer, Aave, and MakerDAO, Lead The Charge for Decentralized Finance | HackerNoonDecentralized finance (DeFi) is a growing sector of the financial industry. DeFi operates on smart contracts and open-source code, making it more transparent. - blockchain crypto
ソース: hackernoon - 🏆 532. / 51 続きを読む »