1 Wall Street Analyst Thinks Visa Stock Is Going to $320. Is It a Buy at Around $276?
Investors have been overly concerned about upcoming reductions to credit card interchange rates, at least according to one Wall Street analyst. TD Cowen's Bryan Bergin recently initiated coverage of (NYSE: V) with a buy rating and a $320 price target.
Bergin's target implies a gain from the current price of about 16% over the next 12 months, and it is higher than most of his peers. Given the recent pace of growth we've seen from the world's largest global payment network, it's not an unreasonable stock price appreciation expectation.
A recent agreement to reduce U.S. credit card interchange fees for at least 5 years might sting. Luckily, international transactions are rising fast enough to overcome the headwind and continue delivering steady earnings growth at a high-single-digit percentage through 2030.
Source Fool.com
Visa Inc. A Stock
With 42 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 279 € shows a slightly positive potential of 8.5% compared to the current price of 257.15 € for Visa Inc. A.
