Is Visa the Long-Term Stock for You?
Visa (NYSE: V) was hands-down one of the best growth stories of the 2010s, with a gain of more than 700% over that decade. However, the 2020s haven't been nearly as kind so far. At recent prices, shares are up only 24% from the start of 2020, trailing the S&P 500's 30% return.
Of course, the pandemic is a big reason why. Payments volume -- especially those tied to travel and in-person purchases, which Visa is highly reliant on -- took a massive hit in the last year. Business is on the mend and there's promise Visa will return to growth in the very near future, but this isn't the only digital payments stock to look at for the long term.
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Source Fool.com
