10 Best Tech Stocks to Invest In On the Dip

5. PagSeguro Digital Ltd. (NYSE:PAGS)

Share Price: $8.12

Year-To-Date Performance: -32.96%

Analyst Upside Potential: 59.65%

PagSeguro Digital Ltd. (NYSE:PAGS) is a Brazilian Fintech company that provides a variety of services aimed at helping individuals and small businesses manage their finances and accept payments. The company not only offers a free digital bank account called PagBank, which allows users to perform typical banking activities without needing a traditional bank account. It also provides tools for accepting payments both online and in-person including Point of Sale (POS) and Mobile Point of Sale (mPOS) devices.

PagSeguro Digital Ltd. (NYSE:PAGS) reported significant growth across various financial metrics during its third-quarter results for fiscal 2024. For instance, its Total Payment Volume (TPV) increased by 37% year-over-year, reaching $23.46 million in Q3 2024. The growth was driven by all market segments, including micro, small, and medium businesses (MSMB), which saw a 26% increase year-over-year in TPV.

Moreover, the company also grew its total clients and active business clients by 6.2% and 3.4% year-over-year. As a result of an increase in active clients, the Cash-in for the company increased by 49% year-over-year, whereas the credit portfolio surpassed $553 million after increasing 30% during the same time. PagSeguro Digital Ltd. (NYSE:PAGS) remains on track to deliver expected results for fiscal 2024.