Was Rajiv Jain’s GQG Partners Right About These 5 Stocks?

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In this article, we discuss the top 5 stock picks of Rajiv Jain’s GQG Partners as of the end of the third quarter and assess these stocks’ performance over the past 12 months. If you want to read our detailed analysis of Jain’s history, investment philosophy, and hedge fund performance, go directly to Was Rajiv Jain’s GQG Partners Right About These 10 Stocks?.

5. Visa Inc. (NYSE:V)

GQG Partners’ Stake Value: $1.7 billion
Performance of the stock over the past 12 months as of November 22: +4%

Visa Inc. (NYSE:V) operates as a payments technology company that enables digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities worldwide through its Visa credit, debit, and prepaid cards.

On November 18, Morgan Stanley analyst James Faucette maintained an Overweight rating and $280 price target on Visa Inc. (NYSE:V) shares. The analyst notes that he sees minimal risks to the company’s forecasted results.

Here is what L1 Capital has to say about Visa Inc. (NYSE:V) in its Q3 2021 investor letter:

“In our view, the payment network company, Visa, remains very well positioned to participate in an ever-expanding market for electronic payments. In time, ‘Buy now, Pay Later’ may have a modest impact on Visa’s transaction volumes, however in aggregate, we believe it will have the greater effect of supporting growth in electronic payments more broadly. Nearer term, we believe the recovery in international travel as the world gradually normalises and learns to live with COVID-19 will be materially positive for Visa’s financial performance. eCommerce will also remain a positive key driver for Visa growth.”

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