Fintech stocks like Coinbase, LendingClub, and Marqeta are recommended for purchase during price dips.

From Nasdaq
July 24, 2024 6:02 am:

Fintech companies are thriving due to the digitization of money, offering faster and secure services. Now is a good time to buy fintech stocks during price dips. Coinbase stock surged over 53% YTD thanks to crypto events and hitting an all-time high. It remains a top fintech stock to watch with $330 billion in assets.

LendingClub exceeded analyst expectations with 11 cents EPS and $180.69 million revenue for Q1. The stock is up over 20% YTD and has been profitable for the past 12 years. Wall Street analysts rate it a Buy, making it a top contender for the best fintech stocks to buy in July.

Marqeta shares dropped 24% due to mixed Q1 results but saw a 33% increase in processing volume. An accounting change impacted revenue, but potential for future growth remains strong. Analysts are bullish on Marqeta stock, with 11 out of 17 recommendations as Buy, making it a top pick for buying on the dip.

Read more at Nasdaq: 3 Fintech Stocks to Buy on the Dip: July 2024