Why Visa Remains a Safe Bet Amid Global Economic Uncertainties: Analyst
Portfolio Pulse from Anusuya Lahiri
Wedbush analyst Moshe Katri reiterated Visa Inc (NYSE: V) with an Outperform and a $270 price target. Visa's U.S. Payments volume data suggests slight growth improvements month-to-month, with quarter-to-date in-line performance with the June quarter. Visa announced volume and transaction data for July and August 1-28, 2023, showing a 7% YOY growth in U.S. payments volume. Visa's shares traded higher by 0.13% at $246.54 on the last check Thursday.
August 31, 2023 | 5:29 pm
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POSITIVE IMPACT
Visa's U.S. Payments volume data shows slight growth improvements month-to-month, and its shares traded higher by 0.13% at $246.54. The company has been reiterated with an Outperform and a $270 price target by Wedbush analyst.
The positive rating from Wedbush analyst and the slight growth in U.S. Payments volume data are likely to boost investor confidence in Visa, potentially driving its stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100