13 Most Promising Fintech Stocks to Buy

5. Visa Inc. (NYSE:V)

Average Upside Potential: 15.20%

Number of Hedge Funds: 163

Visa Inc. (NYSE:V) is a global payments technology company that facilitates transactions between merchants, consumers, government entities, and financial institutions across more than 200 markets. The company’s journey started in 1958 when the Bank of America introduced the first consumer credit card program in the United States. It was in 2007 that Visa formed a global corporation and eventually went public in 2008 in one of the largest IPOs. The firm is headquartered in the San Francisco Bay Area.

Visa powers the global economy by connecting 4 billion account holders to more than 130 million merchants, 14,500 financial institutions, and governments across its markets. Other than being a known leader in digital payments, the firm builds its portfolio of value-added services for its clients and partners which offer it an opportunity to diversify its revenue. The firm has accomplished making one of the most reliable and secure payment networks in the world. The firm’s scale and reach are evident from the fact that the Visa network enabled $15 trillion in total volume and 276 billion transactions in fiscal year 2023.

Visa Inc. (NYSE:V) delivered strong results in the fiscal third quarter with net revenue growth of 10% and GAAP EPS growth of 20%. With payments volume up 7%, processed transactions up 10%, and cross-border volume up 14%, on a year-over-year basis, the performance was strong. The firm witnessed strong payments volume growth rates in most major regions including Latin America, CEMEA, and Europe ex U.K.

With a strong purpose of being the best way to pay and be paid, Visa Inc. (NYSE:V) benefits from a leading market position, strong brand recognition, and financial strength. As of September 30, the stock’s average upside potential is 15.20%.