Goldman Sachs keeps a Buy rating and $317 price target on Visa following the company’s presentation at the Communacopia & Technology conference. The firm states that the company remains confident in its long-term growth profile, highlighting significant runway across consumer payments, value-added services, and new flows. Visa’s quarter-to-date update also saw Q3 with 5% U.S. payment volume growth, 13% cross border volume growth, and 10% processed transaction growth, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on V:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Visa working with U.K. banks to improve payments functionality, Bloomberg says
- Airbnb, Booking Holdings downgraded: Wall Street’s top analyst calls
- Visa initiated with a Buy at Compass Point on value added services penetration
- MasterCard initiated with a Neutral, $525 target at Compass Point
Questions or Comments about the article? Write to editor@tipranks.com