William Blair analyst Andrew Jeffrey has maintained their bullish stance on V stock, giving a Buy rating on October 23.
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Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight Visa’s potential for future growth. Despite Visa’s stock lagging behind the broader market and bank stocks in particular, Jeffrey sees this underperformance as a strategic opportunity for investors looking to minimize macroeconomic risks. Visa’s lack of credit risk and its consistent financial performance make it an attractive option for risk-averse investors, with expectations of positive returns and lower volatility.
Additionally, Jeffrey points out the potential of stablecoins in cross-border payments as a significant growth opportunity for Visa. While domestic B2C stablecoin payments face challenges, the cross-border B2B market presents a chance for Visa to expand its market share as traditional banking methods evolve. Visa’s extensive payment ecosystem, supported by its robust infrastructure and innovative services, positions it well to capitalize on these emerging trends, further justifying the Buy rating.
In another report released on October 23, Citi also initiated coverage with a Buy rating on the stock with a $450.00 price target.