Bank of America expects the fintech stock to rise by over 200% over the next 12 months.
Shares of PensionBee , the U.K.-based digital pension provider, are expected to more than double in a year, according to a number of analysts. Bank of America said the fast-growing fintech company "achieved considerable financial and strategic success" in the past year after it unveiled its latest quarterly results last month. As a result, the Wall Street bank expects the stock to rise by 216% to £2.17 over the next 12 months.
The consensus price target of five analysts covering the company gives the stock 146% potential upside. Berenberg said PensionBee's high brand recognition in the U.K. means the company can reduce marketing costs in the future, which will help them achieve profitability. The German investment bank expects the stock to rise by more than 143% in the next 12 months to £1.70.
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