5 Best Strong Buy Stocks To Invest In

In this article, we will discuss the 5 best strong buy stocks to invest in. If you want to explore similar stocks, you can go to 16 Best Strong Buy Stocks To Invest In.

5. Mastercard Incorporated (NYSE:MA)

Average Upside Potential as of March 20: 21.03%

Number of Hedge Fund Holders: 139

Wall Street sees upside to Mastercard Incorporated (NYSE:MA). On January 30, Mizuho analyst Dan Dolev raised his price target on Mastercard Incorporated (NYSE:MA) to $405 from $380 and maintained a Buy rating on the shares. The stock has received 21 Buy recommendations and 2 Hold recommendations from analysts over the past 3 months. The stock’s average price target of $423.18 implies an upside of 21.03% from its share price on March 20. Mastercard Incorporated (NYSE:MA) is placed fifth among the best Strong Buy stocks to invest in.

139 hedge funds held stakes in Mastercard Incorporated (NYSE:MA) at the close of Q4 2022. The total value of these stakes amounted to $15.6 billion, up from $13.8 billion in the previous quarter with 146 positions. As of December 31, Akre Capital Management is the leading investor in the company and holds a position worth $2 billion.

Here is what Baron Funds had to say about Mastercard Incorporated (NYSE:MA) in its Q4 2022 investor letter:

“Shares of global payment network Mastercard Incorporated (NYSE:MA) increased after reporting strong quarterly results, with 15% revenue growth and 13% EPS growth despite significant headwinds from currency movements and the suspension of operations in Russia. Payment volume grew 21% in local currency (excluding Russia) as consumer spending remained resilient and the international travel recovery continued as border restrictions were lifted. We continue to own the stock due to Mastercard’s long runway for growth and significant competitive advantages.”