IHS
Shares of this wireless tower giant have been crushed and offer huge upside potential. IHS Holding Ltd. (NYSE: IHS) owns, operates and develops shared telecommunications infrastructure in Africa, Latin America, Europe and the Middle East. It offers colocation and lease agreement, build-to-suit, fiber connectivity and rural telephony solutions. The company serves mobile network operators, internet service providers, broadcasters, security functions and private corporations.
Including the approximately 5,700 towers subject to the imminent completion of its pending deal in South Africa, IHS will own nearly 39,000 towers across 11 countries, making the company the third largest independent multinational tower company by tower count. This geographic scale helps diversify the revenue stream, and also positions IHS in some of the largest emerging markets in the world, including the three largest countries in Africa and the largest Latin American country by gross domestic product.
Cowen’s $27 target price is well above the $19 consensus target for IHS stock. The shares traded on Friday at $7.50.
JetBlue
This stock has been obliterated over the past six months even though the carrier holds a very commanding position on the east coast of the United States. JetBlue Airways Corp. (NASDAQ: JBLU) provides air transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, one Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft and 60 Embraer E190 aircraft.
The carrier serves 107 destinations in the 31 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. The company also has a strategic partnership with American Airlines to create connectivity for travelers in the Northeast.
The company announced this week a finalized deal to buy Spirit Airlines, the low-cost leader airline, for $3.8 billion, or $33.50 per share, in cash after a long battle with Frontier Airlines to finish the deal.
MKM Partners has set a $13 target price, and the consensus target for the carrier is lower at $9.88. JetBlue Airways stock traded on Friday at $8.35 a share.
SoFi Technologies
This is another sizzling meme stock trader favorite. SoFi Technologies Inc. (NASDAQ: SOFI) provides digital financial services, and it took the SPAC route for its initial public offering back in June of 2021.
The company’s financial services allow its members to borrow, save, spend, invest and protect their money. The company offers student loans, personal loans for debt consolidation and home improvement projects, and home loans.
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