Is This Red-Hot Growth Stock a Buy for Investors?
Being a growth investor doesn't have to be complicated. An investor just has to pick leading businesses in industries with promising growth trends and hold their stocks for the long term.
The payments industry is poised to keep thriving as more consumers shift away from cash and to other payment methods. The consulting company Boston Consulting Group forecasts that annual global payments industry revenue will reach $3.3 trillion by 2031.
Mastercard (NYSE: MA) is positioned to be a major winner from this trend toward alternate payment methods. But is the stock a buy for growth investors? Let's examine Mastercard's fundamentals and valuation to get an answer to this question.
Source Fool.com
