William Blair analyst Andrew Jeffrey has maintained their bullish stance on V stock, giving a Buy rating today.
Andrew Jeffrey has given his Buy rating due to a combination of factors highlighting Visa’s robust financial performance and strategic positioning. He emphasizes Visa’s impressive network model, which boasts pricing power and acts as an economic shock absorber, ensuring steady organic revenue growth and profitability. This resilience is particularly valuable during times of macroeconomic uncertainty, making Visa a core fintech holding.
Visa’s transformation into a diversified platform is another reason for the positive outlook, as it is expected to achieve long-term revenue growth of 9%-12% and high-quality EPS compounding. The company’s strong fiscal results, with notable increases in purchase volume and processed transactions, further support this view. Additionally, Visa’s diverse revenue streams, including value-added services and commercial solutions, are poised to sustain growth even in challenging economic conditions.
In another report released today, KBW also maintained a Buy rating on the stock with a $400.00 price target.