10 Best Performing Fintech Stocks to Buy According to Analysts

2. StoneCo Ltd. (NASDAQ:STNE)

Year-to-Date Performance: 17.04%

Average Price Target Upside Potential According to Analysts: 49.32%

Number of Hedge Fund Holders: 24

StoneCo Ltd. (NASDAQ:STNE) is a financial technology company that provides a range of products and services that help merchants and integrated partners to conduct electronic commerce in Brazil. The company offers a range of fintech and software solutions, including advanced point-of-sale (POS) systems, mobile payment applications, online payment gateways, and a variety of merchant services designed to streamline payment processing across in-store, online, and mobile channels. StoneCo Ltd. (NASDAQ:STNE) ranks among the best-performing stocks in the fintech sector.

The company is strategically focused on serving micro, small, and medium-sized businesses (MSMBs). By providing digital financial services to these businesses, StoneCo Ltd. (NASDAQ:STNE) is fueling Brazil’s transition to a cashless economy. In the third quarter of 2024, the company reported a 20% year-over-year increase in MSMB total payment volume, which reached BRL 114 billion. The company served 4 million active MSMB clients in the quarter, up 21% year-over-year. StoneCo Ltd. (NASDAQ:STNE) also reported a record take rate for MSMBs of 2.58%. The company is successfully enhancing its profitability while also gaining market share in the MSMB market.