5 Best Growth Stocks to Buy According to Hedge Funds

In this article, we discuss 5 best growth stocks to buy according to hedge funds. If you want to see more of the best growth stocks, go directly to 15 Best Growth Stocks to Buy According to Hedge Funds.

5. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 146

Mastercard Incorporated (NYSE:MA) offers payment processing and other payment-related products and services domestically and internationally. Donald Fandetti, an analyst at Wells Fargo, maintained an ‘Overweight’ rating on the shares of Mastercard Incorporated (NYSE:MA) and increased his price objective to $405 from $365 on December 15.

As per Insider Monkey’s database, 146 hedge funds were bullish on Mastercard Incorporated (NYSE:MA) at the end of the third quarter.

In its Q2 2022 investor letter, Baron Funds 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.”