A recent report by Goldman Sachs has revealed a startling statistic: business-to-business payments total a whopping $127 trillion every year. Yet the process is still extremely inefficient, with paperwork and admin costs weighing on resources.

That’s why Goldman Sachs believes there’s $1 trillion in revenue up for grabs for companies that can 1) digitize and 2) cheapen this B2B payment process. The firm singles out a few stocks that are leading the way in this ongoing payment revolution.

1. Fleetcor Technologies (FLT)

• Analyst Consensus: Strong Buy.
• Average Price Target: $248 (10% upside potential)

Fleetcor is one of the 250 fastest growing companies in the world according to Forbes. It specializes in providing fuel cards and workforce payment products and services.

GS Comment: “While most providers focus on either domestic or cross-border payments, FleetCor offers both domestic and international payments solutions. This gives FleetCor a unique opportunity to cross-sell its domestic Comdata and cross-border Cambridge products across its client base.” See what other Top Analysts are saying about FLT.

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2. Mastercard (MA)

• Analyst Consensus: Strong Buy.
• Average Price Target: $234 (5% upside potential)

This multinational financial services corp has just been upgraded by Goldman Sachs from Buy to Conviction Buy. This comes with a new price target of $260 up from $230 previously.

GS Comment: “Although Mastercard ranks third in terms of commercial card volume, we think Mastercard has the most comprehensive portfolio of B2B payment products across the card networks with virtual cards, Fast ACH, and Mastercard Send.” See what other Top Analysts are saying about MA.

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3. Wex (WEX)

• Analyst Consensus: Moderate Buy.
• Average Price Target: $214 (8% upside potential)

Wex says it is ‘Powered by the belief that complex payment systems can be made simple.’ The company offers corporate card payment solutions through three segments: Fleet; Travel and Corporate Solutions; and Health and Employee Benefits. Bear in mind, if we look at the consensus from only top analysts, it shifts from Moderate to Strong Buy.

GS Comment: “WEX issues both Mastercard and Visa virtual cards, giving customers greater flexibility and a bigger international reach. WEX’s corporate payments offerings currently run on the legacy AOC and EFS platforms — but WEX plans to create one unified platform over the next several years by lifting the best features from both platforms.” See what other Top Analysts are saying about WEX.

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4. Visa (VV)

• Analyst Consensus: Strong Buy.
• Average Price Target: $162 (9% upside potential)

Visa remains a favorite among the Street. Most notably BMO Capital has just initiated the stock with an ‘Outperform’ rating, Top Pick status and bullish $187 price target (25% upside potential).

GS Comment: “Visa is the global leader in commercial cards and has been working to strengthen its virtual card footprint. Visa’s virtual card offering powers Stripe’s Instant Payout solution, Worldpay’s instant payment offering, and First Data’s Disburse-to-Debit solution for businesses paying contractors and temporary workers.” See what other Top Analysts are saying about V.

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5. Worldpay Inc (WP)

• Analyst Consensus: Strong Buy.
• Average Price Target: $107 (8% upside potential)

Worldpay subsidiary Paymetric focuses specifically on secure integrated payments for businesses. The company was founded in 1998 to automate payment workflows within and between enterprises and to tokenize payment data to increase payment security throughout the supply chain.

GS Comment: “Data security, compliance, and cross-border payment processing costs are critical for large companies, and Paymetric offers an integrated solution to help manage them. Worldpay’s merchant acquiring services are also complimentary to Paymetric solutions – clients can seamlessly receive and process payments across the globe using Worldpay.” See what other Top Analysts are saying about WP.

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