5 Most Promising Fintech Stocks To Buy

Page 5 of 5

1. Visa Inc. (NYSE:V)

Upside Potential as of February 22: 18.4%

Average Price Target: $260.81

Number of Hedge Fund Holders: 177

Visa Inc. (NYSE:V) is a payments technology company based in San Francisco, California. The company is a world leader in fintech and digital payments.

Barclays’ Ramsey El-Assal holds an Overweight rating on Visa Inc. (NYSE:V) shares as of January 29, alongside a price target of $270.

The company’s market share in the credit card networks area is 52.6%, and it also has a high operating margin of over 67%. Visa Inc. (NYSE:V) saw revenue growth of 12.4% year-over-year in the fiscal first quarter of 2023, bringing in revenues of $7.94 billion. Analysts are highly optimistic on the stock, with Mizuho raising its price target on Visa Inc. (NYSE:V) from $220 to $240, for example.

Out of the 177 hedge funds long Visa Inc. (NYSE:V) in the fourth quarter, TCI Fund Management was the largest shareholder in the company. The fund held 19.9 million shares. The total stake value in the company was $26.5 million.

Baron Funds, an investment management company, mentioned Visa Inc. (NYSE:V) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“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.”

Follow Visa Inc. (NYSE:V)

See also 12 Best Fintech Stocks To Buy and 11 Best Motley Fool Stocks To Buy.

Page 5 of 5