5 Most Promising Fintech Stocks to Buy Now

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 157

Mastercard Incorporated (NYSE:MA) is one of the most promising fintech stocks to buy now. On July 8, Barclays initiated coverage of Mastercard Incorporated (NYSE:MA), giving the stock an Overweight rating and a price target of $640.

The research firm said that after a broad reset across the sector, it has become important for investors to identify and select stocks with durable business models and long-term growth potential. Barclays initiated coverage of the US payments and fintech industry.

Earlier, on June 30, Piper Sandler analyst Bill Carcache also initiated coverage of Mastercard Incorporated (NYSE:MA) with an Overweight rating and a price target of $597.

Piper Sandler said it has a “selectively constructive” outlook on the payments and consumer finance sector. The firm said its Overweight-rated companies are those that can turn “durable network activity, customer engagement, credit discipline, capital return, operating leverage, or GAAP EPS scaling into share appreciation without requiring broad multiple expansion.”

Mastercard Incorporated (NYSE:MA) is an American multinational financial services company that provides transaction processing and payment-related products and services to individuals, businesses, and organizations worldwide.