Why Visa Rallied Today
Shares of (NYSE: V) were rising in Thursday trading, up 2.8% as of 1:36 p.m. ET.
Visa's revenue and profits are based on payment volumes running over its global payments rails. That growth is tied to both the pace of card-based payments displacing cash and checks, as well as general economic activity.
Today, a new batch of U.S. economic numbers came in better than expected, which bodes well for economically sensitive stocks like Visa. In addition, Visa also announced a new billion-dollar acquisition that had also been coveted by rival Mastercard (NYSE: MA), also adding to the positive sentiment.
Source Fool.com
Visa Inc. A Stock
€255.15
0.280%
The stock is an absolute favorite of our community with 42 Buy predictions and no Sell predictions.
With a target price of 279 € there is a slightly positive potential of 9.35% for Visa Inc. A compared to the current price of 255.15 €.
