Streetbeat News

Visa Inc.

https://usa.visa.com

Industry

Financial - Credit Services

Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.

Open

307.56

Mkt cap

591B

Volume

3.9M

High

310.72

P/E Ratio

31.79

52-wk high

312.44

Low

306.70

Div yield

0.01

52-wk low

245.60

Financial giants are showing a bullish sentiment towards Visa, with 73% of options traders betting positively. The price target for Visa is between $155 and $285, with significant options activity noted. Visa's stock is currently down by 4.07%, with a consensus target price of $314.67 from analysts.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 4:01 pm

Visa shares are experiencing a decline due to reports that the company is facing charges from the Department of Justice for alleged monopolization.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:18 pm

Visa Inc. is reportedly facing a DOJ antitrust lawsuit for allegedly monopolizing the US debit card market. The DOJ accuses Visa of anti-competitive practices, including exclusivity agreements, following a long investigation. This lawsuit is part of a broader DOJ crackdown on monopolistic activities.

Portfolio Pulse from Kaustubh Bagalkote

September 24, 2024 | 8:41 am

Visa (NYSE:V) has significantly outperformed the market over the past decade, with an annualized return of 18.39%. A $100 investment in Visa 10 years ago would now be worth $547.08, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 6:00 pm

Consumers are increasingly using their 401(k) accounts to pay down credit card debt due to high living costs. This trend is facilitated by easier access to 401(k) funds without penalties. Credit card companies like Visa, Mastercard, Discover, and Capital One saw slight declines in their stock prices.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 12:43 pm

Visa is experiencing a bearish trend in options trading, with 52% of trades being bearish. Significant investors are targeting a price range of $230 to $300. The stock is currently down 0.43% at $284, with analysts providing mixed ratings and price targets ranging from $308 to $319.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 8:47 pm

The article provides a comprehensive comparison of Visa (NYSE:V) with its competitors in the Financial Services industry, focusing on key financial metrics. Visa shows potential for growth with a lower P/E ratio than the industry average, but its high P/B and P/S ratios suggest it may be overvalued. Visa's ROE, EBITDA, and gross profit indicate strong profitability and operational efficiency, though its revenue growth lags behind the industry average.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 3:00 pm

The upcoming Federal Open Market Committee decision on interest rates is causing market anticipation, with a potential rate cut expected. The SPDR S&P 500 ETF Trust (SPY) and several S&P 500 stocks, including Caesars Entertainment (CZR), Nvidia (NVDA), and others, are likely to experience significant movements based on the rate cut's magnitude.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 3:58 pm

B of A Securities has maintained a Neutral rating on Visa while raising its price target from $279 to $308, indicating a positive outlook on the stock's potential value.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 5:18 pm

The article highlights significant options activity for 10 financial stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for HOOD, WFC, SQ, COIN, AIG, AFRM, BX, and V, while AGNC shows bearish sentiment. KKR remains neutral.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:35 pm

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