11 Best Fintech Stocks to Buy Right Now

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2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 155

Mastercard Incorporated (NYSE:MA) ranks among the best fintech stocks to buy right now. On June 13, Barclays reiterated its “Overweight” rating on Mastercard Incorporated (NYSE:MA) with a price target of $650. The research firm pointed out that concerns about stablecoins disrupting the payments industry are “overblown.”

Barclays made these comments after a Wall Street Journal article suggested that stablecoins present a serious threat to established payment networks like Mastercard Incorporated (NYSE:MA) and Visa.

While Barclays analysts acknowledged the potential of stablecoin technology, they expressed some doubt about its immediate impact on retail payments. They said that this area “may prove a tough nut to crack.”

The firm advised investors to buy Mastercard Incorporated (NYSE:MA) during any weakness resulting from these worries about stablecoins.

Mastercard Incorporated (NYSE:MA) is an American multinational financial technology company that offers transaction processing and payment-related products and services to individuals, businesses, and organizations around the world.

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