11 Best Financial Services Stocks to Buy Right Now

Page 10 of 10

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Barclays analyst Ramsey El Assal kept a Buy rating on Visa Inc. (NYSE:V) on June 13 and set a price objective of $396.00.

According to Visa Inc. (NYSE:V)’s most recent financial report, the company generated $9.59 billion in sales and $4.58 billion in net profit for the quarter ended March 31. In comparison, last year, the firm produced $8.78 billion in revenue and a net profit of $4.66 billion.

Visa Inc. (NYSE:V) has been a market leader for a long time and continues to have promising growth potential. Analysts believe that the firm has a wide moat around the company and that its place in the worldwide electronic payment system is almost unchallengeable, even though the payments industry is still evolving.

Visa Inc. (NYSE:V) is the world’s largest payment processor. It handled about $16 trillion in total volume in fiscal 2024. It handles transactions in more than 160 currencies and operates in over 200 countries. Its systems can process more than 65,000 transactions in a second.

While we acknowledge the potential of V to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 10 of 10