Citi Initiates Coverage on Visa (V) with Buy Rating

Visa Inc. (NYSE:V) is one of the 10 Best Dow Stocks to Buy According to Wall Street Analysts. On October 23, Citi initiated coverage on Visa Inc. (NYSE:V), giving the stock a Buy rating with a $450 price target.

Citi’s analyst pointed out that Visa Inc.’s (NYSE:V) large network, strong position in payment processing, and high-value brand are “formidable moats” that make the company “highly defendable.”

Citi Initiates Coverage on Visa (V) with Buy Rating

Additionally, Citi’s analyst believes that solid ongoing trends in cross-border payments and the changes in pricing contribute to a positive outlook on Visa Inc. (NYSE:V).

Visa Inc. (NYSE:V) is an American multinational digital payments company that provides a wide range of payment products and payment processing to facilitate electronic payments in over 200 countries and territories.

While we acknowledge the potential of V as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.