Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMaham FatimaSat, July 4, 2026 at 3:23 PM GMT+2 2 min readPicS N.V. (NASDAQ:PICS) is one of the best new tech stocks to buy according to analysts. On June 2, PicS N.V. (also PicPay) announced its Q1 2026 results, reporting a 70% year-over-year revenue increase to R$ 3.5 billion and a 92% rise in adjusted net income to R$ 169 million. The company exceeded performance guidance, driven by disciplined credit growth and effective monetization of its 44.3 million active accounts.The firm's credit portfolio reached R$ 28 billion, bolstered by a 272% surge in collateralized credit products. With a resilient cost of risk maintained at 3.7%, PicPay continues to use AI to scale operations, including its internal HubAI platform and customer-facing service assistants.Looking toward Q2 2026, management projects continued expansion with a target credit portfolio of approximately R$ 31 billion. The company expects to maintain steady operational leverage and risk management, positioning itself for further earnings growth as it expands its ecosystem of financial and lifestyle services.PicS N.V. (NASDAQ:PICS) is a leading Brazilian fintech company founded in 2012 and headquartered in São Paulo. It operates a major digital wallet and financial services app, offering P2P transfers, Pix instant payments, loans, credit cards, and insurance, primarily targeting consumers and SMBs in BrazilWhile we acknowledge the potential of PICS 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.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info