5 Best Debt-Free IT Stocks to Buy Now

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1. Wise Group PLC (NASDAQ:WSE)

EV-to-Market Cap Ratio: -0.62

Stock Upside Potential: 18.39%

Number of Hedge Fund Holders: N/A

Wise Group PLC (NASDAQ:WSE) is one of the best debt-free IT stocks to buy now. On June 1, Wise Group PLC (NASDAQ:WSE) announced it had responded to queries about its business operations following an inquiry by the Brussels prosecutor’s office.

The company insists the prosecutor’s office has yet to share specific findings and that the inquiry remains incomplete. On the other hand, The Guardian reports the company is answering questions from prosecutors investigating potential money laundering claims. The report further claims authorities are investigating whether the company’s accounts were used to launder proceeds of fraud, corruption, and drug trafficking.

On May 11, William Blair maintained an Outperform rating on Wise Group Plc, impressed by the company’s edge in cross-border payments. According to the research firm, the company has invested over £4 billion to capture the £30 trillion-plus market, strengthening its competitive edge against traditional financial institutions. Its cross-border volume has grown at a 31% compound annual rate from fiscal 2019 to fiscal 2026, reaching £182 billion.

Wise Group PLC (NASDAQ:WSE) is a global technology company that builds infrastructure for international money movement. Its primary IT functions focus on modernizing financial systems, enabling instant cross-border payments, and providing B2B embedded finance solutions

While we acknowledge the potential of WSE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WSE and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Investors’ Stock Portfolio: Top 10 Penny Stocks To Buy and 10 Most Shorted Mid-Cap and Small-Cap Stocks to Buy Now.

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