Andrew Schmitt, an analyst from Citi, maintained the Buy rating on Visa (V – Research Report). The associated price target remains the same with $393.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Andrew Schmitt has given his Buy rating due to a combination of factors including Visa’s demonstrated ability to maintain durable growth and its strategic transition to an unbundled platform. This transition is expected to enhance the extensibility of Visa’s services across various payment and service types, boosting product velocity and market investment. Schmitt is optimistic about Visa’s refreshed growth framework, which forecasts a 9-12% revenue increase driven by significant growth in Consumer Payments and Commercial & Money Movement Solutions.
Moreover, the breakdown of Visa’s Value-Add Services portfolio, which has shown robust growth across its components, reinforces Schmitt’s positive outlook. The company’s strategic focus on expanding these services, alongside the opportunities highlighted in Commercial & Money Movement Solutions and Consumer Payments, positions Visa well to exploit underpenetrated markets and diverse revenue streams. This comprehensive growth strategy underpins Schmitt’s Buy rating, suggesting Visa’s stock is a core holding with the potential for sustained value appreciation.
In another report released today, KBW also maintained a Buy rating on the stock with a $400.00 price target.