15 Best FAANG Stocks to Buy According to Hedge Funds

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6. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) ranks among the best FAANG stocks to buy according to hedge funds. Mizuho analysts raised their price target for Visa Inc. (NYSE:V) from $359 to $425 while upgrading it from Neutral to Outperform on June 5. The analysts emphasized that Visa’s cash-to-card conversion rate, which has historically made a substantial contribution to the company’s volume growth, has the potential for continued growth.

The analysts stated that since the epidemic, spending has moved away from card-based categories, which has had an impact on Visa’s growth. However, this trend has begun to shift, and there is hope that the U.S. cash-to-card conversion runway will be longer than previously thought.

Visa’s performance in areas like Canada and the Nordics, where card penetration is above 90%, comes as additional proof of possible expansion beyond personal consumption expenditures. In expectation of better volume growth in the United States, the analysts raised their projections for fiscal years 2026 and 2027.

Visa Inc. (NYSE:V) is a global payments technology company that operates one of the world’s largest electronic payment networks.

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