11 Best Digital Payments Stocks to Buy According to Analysts

8. Alphabet Inc. (NASDAQ:GOOGL)

Analysts’ Upside Potential as of April 9: 45.30%

Alphabet Inc. (NASDAQ:GOOGL) has converted itself into a true technology behemoth, generating tens of billions of dollars in free cash flow annually with solutions ranging from advertising to cloud computing and self-driving cars. Its overall strength is that it continues to lead in several sectors, including search, artificial intelligence, video, and cloud computing, despite the fact that its main search division has been the focus of antitrust concerns. The firm offers the Google Wallet program for Android, which allows users to make payments, which includes it on our list of the Best Digital Money Stocks.

Alphabet Inc. (NASDAQ:GOOGL)’s Google and the Saudi Central Bank (SAMA) recently partnered to launch Google Pay in Saudi Arabia through “mada,” the country’s payment system. The service is anticipated to launch in 2025.

Alphabet Inc. (NASDAQ:GOOGL) announced a record annual revenue of $350 billion in 2024, representing a 14% YoY growth (15% in constant currency). Google Cloud’s revenue rose 30% year on year to $12 billion in Q4, led by demand for GCP, AI infrastructure, and generative AI products. The company made substantial AI and infrastructure developments, such as the release of Gemini 2.0, improvements to AI models, and the growth of cloud regions and data centers. Google Services revenue hit $84 billion in Q4 of 2024, up 10% year on year, while YouTube advertising revenue surged 14% to $10.5 billion. The business also displayed strong financial health, generating $24.8 billion in free cash flow in the fourth quarter and $72.8 billion for the full year, strengthening its position as a leader in AI, cloud computing, and online marketing.