14 Best Forever Stocks to Buy According to Hedge Funds

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5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167

Visa Inc. (NYSE:V) is one of the best forever stocks to buy according to hedge funds. On December 16, the company unveiled the USDC settlement in the United States. It marks an essential milestone in the company’s bid to enhance stablecoin settlement across its network as it continues to modernize the settlement layer that underpins global commerce.

The USDC settlement support will allow issuer and acquirer partners in the US to settle with Visa in Circle’s USDC, the fully reserved, dollar-denominated stablecoin. Users will enjoy faster fund movements on the blockchain, 7-day availability, and enhanced operational resiliency. Visa has already partnered with Cross River Bank and Lead Bank to enable stablecoin settlement.

The introduction of stablecoin settlement in the US builds on years of stablecoin settlement across the globe, from Europe to Latin America and CEMEA. The company’s stablecoin support surpassed $3.5 billion in annualized volume in November.

“Financial institutions are looking for faster, programmable settlement options that integrate seamlessly with their existing treasury operations. By bringing USDC settlement to the U.S., Visa is delivering a reliable, bank-ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards our network requires,” said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa.

Meanwhile, BofA analyst Mihir Bhatia upgraded the stock to a Buy from Neutral with a $383 price target. According to the analyst, the stock offers attractive return potential after its recent underperformance.

Visa Inc. (NYSE:V) is a global payments technology company that provides the network to facilitate digital transactions between consumers, merchants, banks, and governments worldwide, essentially acting as the crucial link for “pay and be paid” across cards, mobile, and online platforms.

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