Analysts Remain Bullish on Visa (V) Despite Sluggish Industry Momentum

Visa Inc. (NYSE:V) is among the 13 stocks with consistent growth to buy right now.

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Over 90% of analysts still have bullish ratings for the stock, as of March 11. At $409.00, the consensus price target suggests more than 30% upside potential. The optimism endures despite the fact that Visa Inc. (NYSE:V)’s stock has dropped more than 10% over the last six months, reflecting a similar decline in the credit services sector, which has also dropped by more than 10% during the same time frame.

In mid-February, Freedom Capital boosted its price target from $360 to $375 and upgraded Visa Inc. (NYSE:V) from “Hold” to “Buy,” adding to the positive outlook. A valuation re-rating among payment networks may occur if Visa maintains its recent relative outperformance and produces stronger growth, according to the firm, which also stated that Visa’s shares appear cheaper than Mastercard’s (MA).

Optimism echoed elsewhere on Wall Street, with analysts at BofA adding Visa Inc. (NYSE:V) to their U.S. 1 List. The firm’s list boasts the best investment ideas surrounding Buy-rated, U.S.-listed stocks. The firm remains a “Buy” on the stock, assigning a $410 price target.

Amid positive analyst sentiment, Visa Inc. (NYSE:V) continues to bolster its processing capabilities, signing a definitive agreement to acquire Prisma Medios de Pago and Newpay in Argentina from Advent International. With this deal, the company acquires Prisma’s processing services for credit, debit, and prepaid card issuers, and Newpay’s multi-network infrastructure that manages real-time payment services, the Banelco ATM network, and the PagoMisCuentas bill payment platform.

Founded in 1958, Visa Inc. (NYSE:V) offers credit, debit, and prepaid options for digital payment services that facilitate international value transfer between customers, merchants, and institutions.

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