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

JP Morgan analyst Tien-Tsin Huang has maintained an Overweight rating on Visa (NYSE:V) but lowered the price target from $296 to $293.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 6:51 pm

Hepsiburada (NASDAQ:HEPS), a leading Turkish e-commerce platform, has announced a five-year agreement with Visa (NYSE:V), a world leader in digital payments. The partnership will allow Hepsipay cards to bear the Visa logo and be accepted at any point of sale worldwide. This move expands the use of Hepsipay cards beyond the Hepsiburada platform.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:32 pm

A large investor has taken a bearish stance on Visa (NYSE:V), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $220.0 to $255.0 for Visa over the last 3 months. Baird has downgraded its action to Outperform with a price target of $284.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 7:16 pm

Goldman Sachs analysts predict that growth stocks may struggle due to increasing interest rates and rising inflation. However, they have identified a selection of S&P 500 stocks that could be resilient in a high-rate environment, including Cisco Systems, Visa, BlackRock, CME Group, Johnson & Johnson, and Mastercard. They also suggest that artificial intelligence (AI) could significantly boost profitability for U.S. corporations. Goldman Sachs' AI basket includes NVIDIA, Marvell Technology Group, CrowdStrike Holdings, Microsoft, Alphabet, Amazon, Meta Platforms, Salesforce.com, Adobe, ServiceNow, and Intuit.

Portfolio Pulse from Piero Cingari

October 03, 2023 | 1:14 pm

Visa Inc. has announced a $100 million initiative to foster the development of generative AI technologies and applications. The initiative, led by Visa Ventures, will invest in companies developing these technologies, which are expected to revolutionize content creation and task execution. Visa has also launched the Visa Ready to Launch (VRTL) program to address challenges faced by fintechs and non-banking entities.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 12:09 pm

Visa Inc. is focusing on regulatory compliance, innovation, and strategic partnerships to stay ahead in the payment processing industry. The company has launched the Visa Ready to Launch (VRTL) program to support fintechs. Meanwhile, Apple has introduced a new feature in its Wallet app for U.K. users, which could pose regulatory challenges for Visa.

Portfolio Pulse from Mohit Manghnani

October 02, 2023 | 9:03 pm

Visa has announced the launch of a $100 million initiative called Generative AI Ventures. The initiative aims to invest in startups that are using generative AI technology.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:06 pm

Visa (NYSE:V) has announced a strategic partnership with Expel, a security operations provider, to enhance its Value-Added Services offering in the Managed Detection and Response (MDR) segment. The partnership aims to help Visa's clients anticipate and protect against cyber threats. Expel's MDR capabilities will prioritize detections based on clients' key assets, reduce alert-to-response time, and stop threats from spreading. Initially, Visa will offer Expel's solution to its clients in the United States and Canada, with plans for a global rollout.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:03 pm

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 20.62%. If an investor had bought $1000 of V stock 15 years ago, it would be worth $16,217.45 today. Visa currently has a market capitalization of $479.29 billion.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:00 pm

Visa Inc. has signed agreements with Air Transat and London Drugs to expand its installment program to more eligible Canadian credit cardholders. The program allows consumers to convert purchases into smaller, equal installments over a specified period. This follows Visa's recent collaborations with Swift for streamlined B2B payments and Paysend for international money transfers.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 3:12 pm

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