13 Most Promising Fintech Stocks to Buy

4. Intuit Inc. (NASDAQ:INTU)

Average Upside Potential: 19.54%

Number of Hedge Funds: 82

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform that allows consumers and small businesses to overcome their financial challenges. The company’s serves 100 million customers globally with products including TurboTax, Credit Karma, QuickBooks, and Mailchimp. While TurboTax does taxes from start to finish, Credit Karma works as an AI-powered platform helping more than 130 million members in the US manage their financial lives. QuickBooks helps businesses with invoicing, expenses, inventory, and bank feeds. Mailchimp is an email marketing and automations platform.

Intuit serves as a global AI-driven expert platform powering prosperity for consumers, and small and mid-market businesses. The firm sees good momentum for itself as it connects its customers with AI-powered expertise. With an established network of AI-powered virtual experts, the large scale of its data, and investments in AI capabilities, the firm is poised for durable growth in the time to come.

For fiscal year 2025, the company expects 16 to 17% growth in the Global Business Solutions Group, 7 to 8% growth in the Consumer Group, 3 to 4% growth in ProTax Group, and 5 to 8% growth in Credit Karma. The firm’s strong results for the fourth quarter and full year were a testament to its progress. It increased combined platform revenue by 14% to $12.5 billion, which includes the Small Business and Self-Employed Group Online Ecosystem, TurboTax Online, and Credit Karma, for fiscal 2024.

For the full year, total revenue was also up 13% year-over-year, Consumer Group revenue was up 7%, Credit Karma revenue was up 5%, Small Business and Self-Employed Group revenue was up 19%, and Online Ecosystem revenue was up 20%.  The brand strength, solid segment performance, and an average upside potential of 19.54% make Intuit a promising fintech stock. As of Q2, the stock is held by 82 hedge funds.