Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Euronet’s recent announcement to acquire CoreCard Corporation in a stock-for-stock deal valued at approximately $248 million has sent ripples through the payments industry.</li><li>Under the terms, CoreCard shareholders will receive between 0.2783 and 0.3142 Euronet shares per share—equivalent to $30 each—depending on Euronet’s closing price, with both boards backing the transaction and a late-2025 close on the horizon.</li><li>This headline-grabbing move comes on the heels of a blistering first quarter for Euronet, where revenue of $916 million, adjusted operating income of $75 million and adjusted EBITDA of $119 million all set records, driven by double-digit growth across EFT, epay and Money Transfer segments and reaffirming full-year EPS growth guidance of 12–16%.</li></ul>

Euronet’s recent announcement to acquire CoreCard Corporation in a stock-for-stock deal valued at approximately $248 million has sent ripples through the payments industry.Under the terms, CoreCard shareholders will receive between 0.2783 and 0.3142 Euronet shares per share—equivalent to $30 each—depending on Euronet’s closing price, with both boards backing the transaction and a late-2025 close on the horizon.This headline-grabbing move comes on the heels of a blistering first quarter for Euronet, where revenue of $916 million, adjusted operating income of $75 million and adjusted EBITDA of $119 million all set records, driven by double-digit growth across EFT, epay and Money Transfer segments and reaffirming full-year EPS growth guidance of 12–16%.

Euronet’s $248 Million Power Play: Could Corecard Be The Missing Link?

Euronet Worldwide

Euronet’s $248 Million Power Play: Could Corecard Be The Missing Link?