5 Best Fintech Stocks to Buy After the Selloff

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 109   

Mastercard Incorporated (NYSE:MA), an American financial technology company, provides transaction processing and other payment-related products and services worldwide. It is one of the premier fintech stocks to invest in. On October 4, the company revealed that it would be launching a new tool that will help banks find and block suspicious transactions from crypto exchanges. The tool, named Crypto Secure, is a software that uses artificial intelligence algorithms as well as data from blockchains.  

On August 1, investment advisory BMO Capital maintained an Outperform rating on Mastercard Incorporated (NYSE:MA) stock and raised the price target to $422 from $402. Analyst James Fotheringham issued the ratings update. 

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE:MA) was one of them. Here is what the fund said:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Mastercard Incorporated (NYSE:MA) added the most value. These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”