Visa (V) : 17 investment research analysts covering Visa (V) have an average price target of $90.77 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 $5.8 of the average price.
Visa (V) has an average broker rating of 1.55, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Visa (NYSE:V). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $88 per share from a prior target of $90. The rating by the firm was issued on July 7, 2016.
Visa (NYSE:V): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.14 and $80.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.30, notching a gain of 0.49% for the day. The total traded volume was 6,240,551 . The stock had closed at $80.90 on the previous day.
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.