Visa: Buy, Sell, or Hold?
(NYSE: V) has historically been a wonderful investment. Since its initial public offering in 2008, shares have rocketed 1,750% higher. The business has rewarded investors much more than the broader S 500 would have. Today, Visa sports a massive $524 billion market cap.
With this top financial stock about 10% off its peak price (as of July 10), is it a buy, sell, or hold for your portfolio?
Visa's impressive gains can be attributed to its strong fundamental performance. Between fiscal 2013 and fiscal 2023 (ended Sept. 30 of last year), revenue increased at a compound annual rate of 10.7%. What's noteworthy is just how durable this growth has been. Besides sales dipping single digits in fiscal 2020 due to the pandemic disrupting the global economy, revenue was up in every other year in the past decade.
Source Fool.com
Visa Inc. A Stock
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 345 € there is a positive potential of 28.06% for Visa Inc. A compared to the current price of 269.4 €.
