J.P. Morgan analyst Tien Tsin Huang has maintained their bullish stance on V stock, giving a Buy rating today.
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Tien Tsin Huang has given his Buy rating due to a combination of factors that highlight Visa’s strategic positioning for sustainable growth. The company’s investor day emphasized its extensive reach and adaptability in tapping into under-penetrated markets and integrating services. Visa’s strategy of unbundling its platform to accommodate new payment types and clients is seen as a significant evolution that aligns with changing market demands.
Additionally, Visa’s substantial total addressable market (TAM) across its product categories presents a strong growth opportunity. With impressive growth in its Value Added Services (VAS) segment, contributing significantly to revenue, Visa is poised to expand further despite its already dominant market presence. The company’s ability to grow in diverse categories, such as Issuing and Acceptance, and its strategic moves into new client types and markets support the positive outlook and reiterate the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $396.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of V in relation to earlier this year.