By 2026, the worldwide fintech sector will be worth $190 billion, with a compound annual growth rate of 13%. Before the coronavirus outbreak, fintech adoption had been tripling every two years on average. The industry grew by 48 percent between 2015 and 2019. PayPal Holdings, Inc., Sea Limited, and Square are among the top fintech stocks to buy right now. In the coming years, cryptocurrencies are also expected to play a significant role in the business.
Here is Insider Monkey’s list of the 10 best fintech stocks to buy now. Affirm Holdings, Inc. recently announced two new collaborations that would help the company grow its business and boost its brand recognition. In the long run, Morgan Stanley, Mizuho, and Barclays all rate the stock as Overweight, Buy, or Overweight. Futu Holdings Limited is an online brokerage and wealth management platform that it owns and operates. The company announced profitability for the second quarter, with revenue of $203 million, increasing more than 129 percent year over year. Opendoor Technologies Inc. has established a successful business based on a digital platform for residential real estate transactions. The corporation has about $9 billion in total debt facilities, enough to acquire 40,000 homes in the United States at an average price of $350,000 each. SoFi Technologies, Inc. recently announced a partnership with Pagaya Technologies, a fintech company, to strengthen the financial services it provides to its users. SoFi Technologies was given an Overweight rating and a $25 price target by Morgan Stanley analyst Betsy Graseck. After a sluggish summer, Coinbase Global, Inc. has rebounded in recent weeks. The National Basketball League (NBA) has also signed a deal with the corporation. However, the terms of the agreement have not been revealed. For more details, click 10 Best Fintech Stocks To Buy Now.
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