11 Best Financial Services Stocks to Buy Right Now

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2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 155

According to Barclays, a recent Wall Street Journal article concerns that stablecoins upending Visa and Mastercard Incorporated (NYSE:MA) are overblown.

The firm maintained its $650 price objective for Mastercard Incorporated (NYSE:MA) and $396 price goal for Visa in a research note, reaffirming their Overweight recommendations on both payment giants. Barclays sees a buying opportunity in any market dip brought on by worries about stablecoins.

Although Barclays recognizes the revolutionary potential of stablecoin technology, it believes that stablecoin adoption will continue to be challenging in the retail payments sector, which is the primary focus of Visa and Mastercard Incorporated (NYSE:MA).

Barclays is still confident in Visa and Mastercard Incorporated (NYSE:MA)’s established positions, even though the Wall Street Journal has highlighted the potential of disruption to existing payment networks. The firm’s optimism originates from its belief that stablecoins, while creative, presently lack the infrastructure and legal certainty required to seriously threaten mainstream payment systems in the foreseeable future. Mastercard Incorporated (NYSE:MA) is one of the best financial stocks.

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