According to Wedbush analyst Moshe Katri, Visa continues to be a reliable choice amidst the uncertainties of the global economy. Katri has reaffirmed his positive outlook on Visa, giving it an Outperform rating and a price target of $270. Recent data from Visa indicates that there has been a slight improvement in growth from July to August 2023, with performance for the quarter aligning with that of the previous June quarter. Additionally, Visa’s payment volume trends in the United States are consistent with the published data from PSCU. In August, there was a year-on-year growth of 7% in U.S. payment volume, with credit growing by 6% and debit growing by 7%. Furthermore, there was a 9% increase in card-not-present (CNP) volume on a year-on-year basis, with CNP volume excluding travel also experiencing a 9% increase, and card-present volume showing a 4% increase. Lastly, the year-on-year growth in payment volume for vital international markets in August showed a slight improvement compared to the growth seen in July 2023.
Updated on: 05/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
12:00 AM (UTC)
Date:06 December, 2023
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Visa Inc. Stock Performance and Valuation Analysis – August 31, 2023
Visa Inc. had a mixed performance on August 31, 2023. The stock opened at $245.69 and traded within a range of $245.57 to $248.02. It had a volume of 2,057,417 shares traded. Visa Inc. has a market capitalization of $493.7 billion and has shown strong earnings growth and revenue growth over the past year. The stock’s valuation metrics suggest it may be slightly overvalued. On August 31, other notable stock performances in the Commercial Services industry included American Express, Synchrony Financial, Western Union Co, and Sandstorm Gold Ltd. Visa Inc. is scheduled to report its next earnings on October 25, 2023, with analysts forecasting an EPS of $2.24 for this quarter. The company reported annual revenue of $29.3 billion and a profit of $14.6 billion in the previous year. The net profit margin for Visa Inc. is 49.91%. Investors should carefully consider the stock’s valuation and monitor changes in the company’s earnings and revenue.
Visa Incs Stock Performance Points to Positive Outlook: Analysts Target Price of $280.00
Visa Inc, a global payment technology company, has been performing well in the stock market, with analysts predicting a positive outlook for the company. As of August 31, 2023, the median target price for Visa stock is $280.00, representing a potential increase of 13.41% from its last recorded price of $246.90.
According to CNN Money, 34 analysts have provided 12-month price forecasts for Visa, with a high estimate of $336.00 and a low estimate of $220.00.
Furthermore, a consensus among 38 polled investment analysts is to buy Visa stock. This rating has remained steady since August, indicating a consistent belief in the company’s potential for growth.
Visa’s financials for the current quarter also reflect its strong performance. The company reported earnings per share of $2.24 and sales of $8.6 billion.
Investors can expect more insights into Visa’s financial performance when the company reports its next earnings on October 25. This report will provide a more detailed analysis of Visa’s financial health and may influence the stock’s performance in the coming months.
Overall, Visa Inc’s stock performance on August 31, 2023, suggests a positive outlook for the company. Analysts’ median target price of $280.00, along with the consensus to buy Visa stock, indicates confidence in its ability to deliver strong returns. Investors should keep an eye on Visa’s upcoming earnings report for further insights into the company’s financial performance.