14 Most Promising Fintech Stocks to Invest In

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2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 136

Mastercard Incorporated (NYSE:MA) is one of the most promising stocks in the fintech industry to invest in. On December 7, HSBC upgraded its rating on Mastercard Incorporated (NYSE:MA) from Hold to Buy and increased the price target from $598 to $633. The research firm noted that the stock’s weak performance has made it a good time to invest in it.

The analysts at HSBC pointed out that the optimistic outlook on Mastercard Incorporated (NYSE:MA) is supported by the company’s strong financial results and attractive stock valuation. The firm expects the company to achieve low double-digit revenue growth and mid-teen earnings per share growth. HSBC expects this growth despite some challenges from Capital One’s debit migration. The firm highlighted that strong demand for Mastercard Incorporated’s (NYSE:MA) services and faster growth in markets outside of the US are helping the company.

In other news, on November 24, Reuters reported that Mastercard Incorporated (NYSE:MA) and L’Oreal are introducing a joint business card aimed at beauty salon operators in Latin America and the Caribbean. The new card, which will be called the L’Oréal Mastercard BusinessCard, is designed to support beauty professionals and entrepreneurs.

According to the report, the card will first be launched in Mexico through the corporate card provider Clara. Mastercard Incorporated (NYSE:MA) and L’Oreal plan to expand this card to other markets in Latin America and the Caribbean with more financial partners.

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

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