- After another earnings season and coming off the 17th Annual NTMC, Needham analyst Mayank Tandon received updates from its entire coverage universe in recent weeks.
- While most of the underlying businesses in the FinTech space remain healthy, persisting macroeconomic challenges continue to weigh on sentiment and pressure valuations.
- Based on the Q1 earnings season and the commentary from the company conferences, Tandon believes the secular trends in digital banking, payments, and digital transformation continue to push forward. The return of cross-border travel coming out of the pandemic should also serve as further tailwinds for several FinTech companies exposed to these trends.
- Tandon highlighted Euronet Worldwide, Inc EEFT, Fair Isaac Corp FICO, Grid Dynamics Holdings, Inc GDYN, EPAM Systems, Inc EPAM, Endava plc DAVA, Cardlytics, Inc CDLX, nCino, Inc NCNO, BTRS Holdings Inc BTRS, and WNS (Holdings) Limited WNS as its highest conviction names over the next 12-18 months.
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