Citi analyst Andrew Schmitt has maintained their bullish stance on V stock, giving a Buy rating on May 16.
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Andrew Schmitt has given his Buy rating due to a combination of factors that highlight Visa’s strong potential for growth and resilience in the FinTech sector. The meetings held in London with Visa revealed a renewed energy around the company’s opportunities, particularly with the emergence of mega themes like agentic commerce and stablecoins. These innovations are expected to enhance Visa’s product and service offerings, driving core network growth and supporting the company’s ability to achieve double-digit compounding over time.
Furthermore, Visa’s year-to-date performance has been impressive, outpacing the S&P 500 significantly. Despite macroeconomic uncertainties, Visa remains a top FinTech idea due to its resilience and broad range of opportunities. Discussions with investors focused on Visa’s strategic direction, innovation pace, and potential in new growth areas like AI-driven commerce and programmable money, which are expected to contribute to Visa’s long-term growth trajectory.
Schmitt covers the Technology sector, focusing on stocks such as Fidelity National Info, Fiserv, and Block. According to TipRanks, Schmitt has an average return of 2.4% and a 50.99% success rate on recommended stocks.
In another report released on May 16, Compass Point also maintained a Buy rating on the stock with a $390.00 price target.
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