5 Best Strong Buy Stocks To Invest In

3. Visa Inc. (NYSE:V)

Average Upside Potential as of March 20: 19.53%

Number of Hedge Fund Holders: 177

Over the past 3 months, Visa Inc. (NYSE:V) has received 19 Buy ratings and 1 Hold rating from Wall Street analysts. The stock holds a consensus Strong Buy rating and has an average price target of $259.85. The stock’s average price target represents an upside of 19.53% from current levels.

On March 3, Jefferies analyst Trevor Williams maintained a Buy rating and his $260 price target on Visa Inc. (NYSE:V).

Visa Inc. (NYSE:V) was a part of 177 investors’ portfolios at the end of Q4 2022 that disclosed positions worth $26.4 billion in the company. This is compared to 165 positions in the preceding quarter with stakes worth $22.4 billion. The hedge fund sentiment for the stock is positive and it ranks third among the best Strong Buy stocks to buy now.

As of December 31, TCI Fund Management is the largest shareholder in Visa Inc. (NYSE:V) and has a stake worth $4.14 billion.

Here is what Baron Funds had to say about Visa Inc. (NYSE:V) in its Q4 2022 investor letter:

“Shares of global payment network Visa Inc. (NYSE:V) increased after reporting strong quarterly results, with 19% growth in revenue and EPS despite currency headwinds and the suspension of operations in Russia. Payment volume grew 16% in local currency (excluding Russia and China) with notable strength in cross-border volumes driven by rebounding international travel. Management also provided encouraging guidance for the next fiscal year. We continue to own the stock due to Visa’s long runway for growth and significant competitive advantages.”