Price Target Update on Visa (NYSE:V)

Visa (NYSE:V) : 18 Wall Street analysts covering Visa (NYSE:V) believe that the average level the stock could reach for the short term is $89.06. The maximum price target given is $100 and the minimum target for short term is around $77, hence the standard deviation is calculated at $5.7.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Oppenheimer maintains its rating on Visa (NYSE:V).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Oppenheimer raises the new price target from $85 per share to $90 per share. The rating by the firm was issued on June 10, 2016.

Visa (NYSE:V): stock turned positive on Thursday. Though the stock opened at $77.76, the bulls momentum made the stock top out at $78.24 level for the day. The stock recorded a low of $76.87 and closed the trading day at $78.23, in the green by 2.22%. The total traded volume for the day was 13,566,150. The stock had closed at $76.53 in the previous days trading.

The company shares have rallied 11.53% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $81.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $78.47 and the 200 Day Moving Average price is recorded at $75.89. On the companys insider trading activities, Richey Ellen, officer (VICE CHAIR RISK & PUB POLICY) of Visa Inc., unloaded 18,736 shares at an average price of $73.87 on March 3, 2016. The total amount of the transaction was worth $1,384,028, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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