Is Mastercard (MA) One of the Most Promising Fintech Stocks to Invest In?

Mastercard Incorporated (NYSE:MA) is one of the 14 Most Promising Fintech Stocks to Invest In. On December 7, HSBC upgraded its rating on Mastercard Incorporated (NYSE:MA) from Hold to Buy and increased the price target from $598 to $633. The research firm noted that the stock’s weak performance has made it a good time to invest in it.

The analysts at HSBC pointed out that the optimistic outlook on Mastercard Incorporated (NYSE:MA) is supported by the company’s strong financial results and attractive stock valuation. The firm expects the company to achieve low double-digit revenue growth and mid-teen earnings per share growth. HSBC expects this growth despite some challenges from Capital One’s debit migration. The firm highlighted that strong demand for Mastercard Incorporated’s (NYSE:MA) services and faster growth in markets outside of the US are helping the company.

In other news, on November 24, Reuters reported that Mastercard Incorporated (NYSE:MA) and L’Oreal are introducing a joint business card aimed at beauty salon operators in Latin America and the Caribbean. The new card, which will be called the L’Oréal Mastercard BusinessCard, is designed to support beauty professionals and entrepreneurs.

According to the report, the card will first be launched in Mexico through the corporate card provider Clara. Mastercard Incorporated (NYSE:MA) and L’Oreal plan to expand this card to other markets in Latin America and the Caribbean with more financial partners.

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.

While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.