Visa (V) : 21 analysts are covering Visa (V) and their average rating on the stock is 1.55, which is read as a Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Visa (V) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Visa (V) : 17 investment research analysts covering Visa (V) have an average price target of $91.18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $100 and the lowest target is $77 for the short term. Analysts expect the variance to be within $5.84 of the average price.
Also, Equity Analysts at the Baird maintains the rating on Visa (NYSE:V). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $90 per share to $95 per share. The rating by the firm was issued on September 6, 2016.
Visa (NYSE:V): After opening at $81.42, the stock dipped to an intraday low of $81.19 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $82.13 and the buying power remained strong till the end. The stock closed at $82.01 for the day, a gain of 0.64% for the day session. The total traded volume was 10,636,516. The stocks close on the previous trading day was $81.49.
Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.