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FX.co ★ Five stocks that can surge in late 2022

Five stocks that can surge in late 2022

In the first half of 2022, high inflation triggered a wave of monetary tightening in many countries, sending the global stock market into turmoil. The recent decline in commodity prices suggests inflationary pressure could ease in the next several months, which would be a positive factor for stocks. Analysts say some stocks could make significant gains by the end of 2022. Let us have a look at shares with massive upside potential.

Five stocks that can surge in late 2022

Citigroup

The main advantage of this stock is the company’s global presence. Citigroup does business in more than 160 countries, which helps the financial conglomerate attain stable and strong revenue. In the second quarter of 2022, Citigroup’s revenue went up by 25%, with earnings exceeding expectations. As a result, major market players, such as Berkshire Hathaway, are adding Citigroup’s stock to their portfolios. The company’s shares are seriously undervalued and could jump by more than 50% from its current level of $51, analysts say.

Five stocks that can surge in late 2022

Paycom

Paycom, a US company providing cloud payroll and personnel management software, has excellent upside potential amid the rapid development of the SaaS market. The company is extending its range of products to meet sustained demand for cloud software solutions. Analysts see Paycom’s revenue rise significantly in 2022, which could drive the company’s share price upwards. Its stock could increase by 25% from its current price of $332.

Five stocks that can surge in late 2022

PayPal

Over the first 3 months of 2022, PayPal added 2.4 million new accounts. The number of active users reached 430 million, making PayPal one of the world’s biggest electronic payment systems. The global adoption of cashless payments will continue to boost the company’s growth in the second half of 2022, analysts say. The sales volume of the US fintech giant can advance substantially, pushing its earnings upwards. As a result, PayPal’s share price could increase by 57% from its current level of $88.

Five stocks that can surge in late 2022

Etsy

Etsy occupies a unique niche in the electronic commerce market – it is a trading platform for handcrafted goods, antiques, and limited merchandise. Despite its considerable popularity in the US, Canada, India, Australia, and Europe, Etsy occupies only a 2.6% share of the market, indicating that its upside potential is far from being exhausted. Experts see Etsy’s stock jump by more than 50% in the next several months. The company’s current share price is $104.

Five stocks that can surge in late 2022

ConocoPhillips

ConocoPhillips, an oil and gas giant with a global presence, will likely grow in the second half of 2022 if commodity prices continue to rise. The company could benefit from a possible energy price upsurge amid a lack of supply. Analysts expect ConocoPhillips’ stock to climb by more than 45% from its current level of about $94.

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