5 Most Promising Fintech Stocks To Buy

2. Mastercard Incorporated (NYSE:MA)

Upside Potential as of February 22: 18.96%

Average Price Target: $422.65

Number of Hedge Fund Holders: 139

Mastercard Incorporated (NYSE:MA) is a data processing and outsources services company. It has added the Mastercard Fintech Express to its Mastercard Accelerate platform to allow fintechs to get access to digital-first products.

Dan Dolev at Mizuho holds a Buy rating on Mastercard Incorporated (NYSE:MA) shares, alongside a $405 price target, as of January 30.

A total of 139 hedge funds were long Mastercard Incorporated (NYSE:MA) in the fourth quarter. Their total stake value was $15.7 billion.

Baron Funds, an investment management company, mentioned Mastercard Incorporated (NYSE:MA) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Shares of global payment network Mastercard Incorporated (NYSE:MA) increased after reporting strong quarterly results, with 15% revenue growth and 13% EPS growth despite significant headwinds from currency movements and the suspension of operations in Russia. Payment volume grew 21% in local currency (excluding Russia) as consumer spending remained resilient and the international travel recovery continued as border restrictions were lifted. We continue to own the stock due to Mastercard’s long runway for growth and significant competitive advantages.”