Monex Crespi Hardt Fintech and Crypto Stock Recommendations
Monex Crespi Hardt has identified five fintech and crypto‑related equities it believes are positioned to perform well as consumer spending growth slows. The firm expects US wage income to decelerate and the savings rate to remain near historic lows, noting that consumers are currently outspending their income growth by roughly 1.5 percentage points. The savings rate stands at 4.1%, down from 5.2% a year earlier, and the firm forecasts nominal personal consumption expenditures of 4.5% for 2027, slightly below the consensus estimate of 4.6%.
1. Adyen (ADYEN)
Adyen is highlighted as a top fintech pick, trading at approximately 16 times forward earnings – a valuation below the S&P 500 for the first time since its 2018 listing. The company has delivered more than 20% growth, and the firm views the current price as an entry point driven by a reset in expectations rather than earnings. Adyen’s value proposition is expected to improve as artificial‑intelligence‑driven payment orchestration raises authorization rates, merchant retention, and risk‑identity attachment.
2. Remitly Global (RELY)
Remitly Global is the second recommended name, classified among share gainers whose economics can endure a slower‑spending environment. Monex Crespi Hardt advises adding RELY to portfolios alongside Adyen as core fintech holdings, emphasizing its ability to generate strong cash flow even as consumer spending moderates.
3. Global Payments (GPN)
Global Payments trades at roughly 4.5 times forward price‑to‑earnings, a record low for the company. Despite recent earnings cuts, the firm sees the valuation as attractive on a reset earnings base, though it cautions that the reset may not represent trough earnings. A stress‑case target price of about $69 is cited, implying a potential downside of approximately 16% from current levels.
4. Square (XYZ)
Square is presented as an opportunistic pick, described as “catalyst‑heavy” in the near term. The firm likens it to Wise, noting that following its US listing, several checkpoints remain before the market fully appreciates its story, particularly regarding access to US banks. Monex Crespi Hardt recommends monitoring for compelling entry points as these catalysts develop.
5. Circle (CRCL)
Circle is recommended for addition on price weakness, especially for investors with a multi‑year horizon. While the firm remains positive on this rate‑sensitive name, it expresses slightly more caution than previously, viewing temporary price declines as an opportunity to build positions that should benefit from longer‑term fintech and crypto trends.