12 Best Software Stocks to Buy According to Analysts

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7. PagSeguro Digital Ltd. (NYSE:PAGS)

Stock Price: $6.92

Number of Hedge Fund Holders: 25

Analyst Upside Potential: 73.00%

PagSeguro Digital Ltd. (NYSE:PAGS) is a Brazilian financial technology solutions company that helps individuals and businesses manage their transactions. It provides various payment solutions, digital banking services, point-of-sale devices, and other comprehensive financial services. The company’s majority customer base is small and medium business owners looking for easy payment solutions.

The company is actively enhancing its product offerings to improve the customer experience, particularly through innovative solutions like the Multiple Card. This new product combines both credit and debit functions into a single card, making it easier for users to manage their finances. As a result of its innovative platform and strong market presence in Brazil PagSeguro Digital Ltd. (NYSE:PAGS) has been growing its total clients thereby increasing its total payment value and quarterly revenue.

During the fiscal third quarter of 2024, the company increased its client base by 6.2% and subsequently its total payment value by 36.5%, year-over-year. Its target market small, and medium businesses (MSMBs) performed well with 26% year-over-year growth in total payment value. This also led the company’s quarterly revenue higher to R$ 4.8 billion, representing a 20% increase year-over-year. It is one of the best software stocks to buy according to analysts.

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