Bryan Bergin, an analyst from TD Cowen, maintained the Buy rating on Visa (V – Research Report). The associated price target remains the same with $363.00.
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Bryan Bergin has given his Buy rating due to a combination of factors surrounding Visa’s strategic positioning and future growth prospects. Visa’s upcoming Investor Day is expected to reinforce confidence in its robust business model, rather than act as a significant catalyst for share price movement. The company has already provided updated guidance for FY25, highlighting its strong financial framework and growth potential.
Bergin emphasizes Visa’s leadership in the consumer payments sector, pointing out opportunities for further market penetration and increased engagement through digital payments. Additionally, Visa’s expansion into new business flows and its strategic approach to mergers and acquisitions underscore its potential for sustainable growth. Despite the stock’s current valuation, Bergin indicates there is still room for multiple expansion, provided that Visa effectively communicates its growth strategies and continues to deliver on its financial goals.