Morgan Stanley boosts price target for Visa (V)

NYSE: V | Visa Inc. News, Ratings, and Charts

V – Shares of Visa Inc. rose 1.2% in afternoon trade Thursday.

Shares of Visa Inc. V, +1.27% rose 1.2% in afternoon trade Thursday, after Wedbush Morgan analyst Moshe Katri got a little more bullish on the credit card and payments company, citing a “host” of growth and scale catalysts. Katri reiterated his outperform rating while raising his price target to $162 from $150. The catalysts he expects include the “disintermediation of cash/checks by electronic payments,” increasing revenue opportunities from European regulations, “hyper-growth” in mobile payments, networks’ increased dominance in the payments ecosystem and automatic clearing house-related revenue growth opportunities. Katri also reiterated his outperform rating Mastercard Inc.MA, +0.48% and listed his stock price target to $235 from $220. The stock edged up 0.6%. Over the past 12 months, Visa shares have soared 25.8%, Mastercard shares have run up 27.5% and the Dow Jones Industrial Average DJIA, -0.01% has advanced 3.8%.

VISA Inc. shares were trading at $154.22 per share on Thursday afternoon, up $1.75 (+1.15%). Year-to-date, V has gained 17.09%, versus a 12.55% rise in the benchmark S&P 500 index during the same period.

V currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 39 stocks in the Consumer Financial Services category.

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V at a Glance

V Current POWR Rating™
Overall POWR Rating™
V Current Price $153.07 1.75%
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V Price Reaction

The day of this event (Mar. 14, 2019)
V Closing Price$154.20 1.13%
V Volume9,364,800
8.45% from avg
Leading up to this event
V 1-mo return6.50%
After this event
V 1-day return1.92%
V 3-day return1.37%
V 5-day return2.14%

V Price Chart

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