A low-interest-rate environment and favorable market backdrop have driven a record number of IPOs this year. And Wall Street analysts expect recently listed stocks Toast (TOST) and Freshworks (FRSH) to rally by more than 55% in price in the near term. So, we think it could be wise to add these names to one’s watchlist.A record low-interest-rate environment led to a record number of IPOs last year, and the continuation of the Fed’s dovish stance helped more companies make their market debuts this year. According to a Stock Analysis report, there have been a record 1,053 IPOs this year, representing a 123.1% year-over-year increase.
This month, the Fed indicated that its run of ultra-easy policy might be coming to an end. However, according to an EY report, the 2021 fourth quarter was the most active fourth quarter for IPOs since 2007.
Amid this backdrop, recent IPO stocks Toast, Inc. (TOST) and Freshworks Inc. (FRSH) could be good additions to one’s watchlist. Wall Street analysts expect these stocks to rally more than 55% in price in the near term.