Jefferies Maintains Buy Rating for Visa: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Jefferies has reaffirmed its Buy rating on Visa (NYSE:V) and increased its price target from $305.00 to $320.00. Visa's shares have risen by 0.51% in the last 24 hours to $279.69. The new price target suggests a potential upside of 14.41%. Visa is the world's largest payment processor, handling over $14 trillion in transactions in fiscal 2022 across more than 200 countries.

March 08, 2024 | 5:00 pm
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Jefferies maintains a Buy rating on Visa and raises its price target from $305 to $320, reflecting a potential 14.41% upside from the current price.
The reaffirmation of a Buy rating and the increase in price target by Jefferies are strong positive signals for Visa. Given Visa's status as the largest payment processor globally and its consistent performance, the raised target is a testament to its growth potential. The short-term impact is likely positive as this endorsement could increase investor confidence and potentially drive the stock price up towards the new target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100