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

307.50

Mkt cap

584B

Volume

2.6M

High

307.63

P/E Ratio

31.39

52-wk high

309.00

Low

304.45

Div yield

0.01

52-wk low

240.97

A surge in options trading activity for Visa (NYSE:V) has been detected, indicating a split sentiment among big-money traders, with 52% bullish and 47% bearish. The trades span a price target range of $180 to $300 for Visa over the next three months. Significant trades include both calls and puts with varying sentiments and expiration dates. Visa, the world's largest payment processor, has seen its stock price slightly increase by 0.3% to $278. Analyst ratings for Visa remain positive, with an average target price of $313.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:31 pm

Analysts from BMO Capital, Raymond James, Mizuho, and RBC Capital have maintained their positive outlook on Mastercard Inc (NYSE:MA) following its impressive quarterly performance, with raised price targets. Mastercard's Q4 results showed a 13% Y/Y revenue increase and a 20% Y/Y adjusted EPS rise, outperforming Visa Inc (NYSE:V) in several aspects including revenue growth and value-added services. Analysts highlighted Mastercard's strong performance in cross-border fees and value-added services, projecting continued revenue and EPS growth.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 10:15 pm

Visa (NYSE:V) has partnered with Transak to enable direct cryptocurrency to fiat withdrawals, allowing users in 145 countries to cash out over 40 cryptocurrencies at 130 million merchant locations. This move, part of Visa's ongoing expansion into cryptocurrency services since 2020, has raised concerns regarding security, user experience, and its impact on the decentralized nature of digital currencies. Despite these concerns, the partnership is seen as a significant step towards mainstream cryptocurrency acceptance, offering users more flexibility and convenience.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 5:12 pm

Visa Inc. (NYSE:V) shares have risen to a new all-time high, recovering from a brief post-earnings dip last week. The stock increased over 1.5% on Tuesday. Mastercard Incorporated (NYSE:MA) also reached new all-time highs on Tuesday, with its fourth-quarter earnings report expected on January 31. Visa's stock is up over 1,500% overall.

Portfolio Pulse from Ryan Gustafson

January 30, 2024 | 7:58 pm

Mastercard Inc (NYSE:MA) is set to report Q4 earnings on Jan. 31 with expectations of $3.08 EPS and $6.48 billion in revenues. The stock has reached all-time highs, up 20% over the past year, slightly behind Visa Inc's (NASDAQ:V) 21.20% gain. Visa recently exceeded Q1 earnings expectations but saw a 2.5% stock decline post-announcement due to weaker-than-expected payment volumes. Analysts will focus on Mastercard's margin profile and positioning against Visa. Mastercard has a stable A+ credit rating and a history of dividend growth, but faces challenges in 2024 with potentially limited stock upside. Analyst consensus rates MA as a Buy with a target of $417.44, while recent estimates range from $462 to $510.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 6:09 pm

Barclays analyst Raimo Lenschow has maintained an Overweight rating on Visa (NYSE:V) and increased the price target from $304 to $319, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 8:24 pm

Susquehanna analyst James Friedman has maintained a Positive rating on Visa (NYSE:V) and increased the price target from $300 to $326.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:49 pm

Stocks showed mixed performance despite mild inflation data, with the S&P 500 and Nasdaq 100 slightly down, while the Dow Jones edged higher. Personal spending growth outpaced expectations, raising concerns about the Fed's interest rate policy. Bitcoin rallied after hitting 1 million active addresses. Tech stocks and semiconductors fell, with Intel's weak forecast impacting the sector. American Express surged on a strong outlook, while other companies had varied reactions to earnings reports.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 6:18 pm

UBS analyst Rayna Kumar has maintained a Buy rating on Visa (NYSE:V) and increased the price target from $305 to $315.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:11 pm

RBC Capital analyst Daniel Perlin has maintained an Outperform rating on Visa Inc. (NYSE:V) and increased the price target from $290 to $309.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:49 pm

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