ChatGPT Stock Advice: Top 12 Stock Recommendations

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6. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 181

Visa Inc. (NYSE:V) is a payment technology company that facilitates electronic transactions worldwide in more than 200 countries and territories through its VisaNet network. It is one of the best companies to invest in based on ChatGPT’s stock advice. Visa’s shares have returned 10% year-to-date, as of the close of business on May 2.

The company’s future trajectory looks promising after December’s acquisition of Featurespace, a software firm that develops AI payment protection technology to prevent and mitigate financial crimes. Visa Inc. (NYSE:V) is also venturing into blockchain and introduced the Visa Tokenized Asset Platform (VTAP) in October last year, a new product to help banks in issuing fiat-backed tokens on blockchain networks.

On April 30, Visa Inc. (NYSE:V) entered into a strategic partnership with Bridge, a leading stablecoin orchestration platform. The two companies announced a new card-issuing product. Fintech developers who use Bridge will now be able to offer stablecoin-linked Visa cards to customers through a single API integration.

Visa Inc. (NYSE:V) recently beat Wall Street estimates for quarterly earnings, with an EPS of $2.76, compared to forecasts of $2.68 per share. The company reported an 8% jump in payment volume during Q2 FY25, while revenue grew 9% year-over-year to $9.6 billion. The world’s largest payments processor also authorized a $30 billion share repurchase plan, bolstering investor confidence in the company.

Wall Street analysts are bullish on the stock, with a consensus Strong Buy rating and an average share price upside potential of 5%. According to Insider Monkey’s database for Q4 2024, Visa Inc. (NYSE:V) is the seventh most widely held stock by hedge funds.

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