5 Cheapest Stocks on Robinhood

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166

In addition to being popular with many Robinhood investors, Visa Inc. (NYSE:V) is also popular with analysts as the stock has an average price target of $248.67 versus its stock price of $193.93 as of 11/9. Visa Inc. (NYSE:V)’s forward P/E of 20.10 is also pretty attractive given the company’s substantial moat and earnings growth potential.

RiverPark Large Growth Fund commented on Visa Inc. (NYSE:V) in a Q3 2022 investor letter,

“We reinitiated a small position in Visa, which we had previously owned for years (selling out of the position at higher levels in February). We continue to believe that the long-term secular growth trend towards digital payments remains intact and has been further enhanced by the COVID crisis. The growth in debit cards, contactless payments, e-commerce, and now, buynow-pay-later (BNPL), are all driving digital payment penetration, and we continue to be impressed with the long-term growth potential of V (and our other payment holdings Mastercard, Adyen, and PayPal).”