Is Visa Inc. (V) One of the Top Credit Services Stocks to Buy Amid the US Rate Cut

Visa Inc. (NYSE:V) is one of the top credit services stocks to buy amid the US rate cut. On October 23, Citi initiated coverage of Visa Inc. (NYSE:V) with a Buy rating and a $450 price target, citing its dominant network, strong brand, and central role in payments as key competitive advantages. The analyst also highlighted favorable cross-border trends and well-timed pricing changes as positive drivers for the stock.

Is Visa Inc. (V) One of the Top Credit Services Stocks to Buy Amid the US Rate Cut

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Previously on October 14, the company launched a new framework that will allow merchants to verify AI agents and distinguish them from malicious bots in e-commerce. Trusted Agent Protocol is the new AI agent verification framework developed in collaboration with Cloudflare. It is designed to enable communication between AI agents and merchants during e-commerce transactions.

The launch of the new protocol coincides with a surge in AI-driven traffic to retail websites, which has jumped over 4,700% in the past year. Consequently, it is designed to ensure that only approved agents securely pass critical information to merchants while providing a framework for recognizing trusted agents with commerce intent. The unveiling of the new protocol underscores Visa’s commitment to supporting safe, more seamless interactions in payment ecosystems.

Visa Inc. (NYSE:V) is a digital payments technology company that operates a global payment network, connecting consumers, merchants, and financial institutions to facilitate electronic transactions. It is not a credit card company itself, but provides the technology and network that enable a wide range of payment products, such as credit, debit, and prepaid cards, to be used for online and in-store purchases.

While we acknowledge the potential of V to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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