Jim Cramer Says “Visa Should be a Trillionaire Within Three Years” If It Keeps Up Its Growth

Visa Inc. (NYSE:V) is one of the stocks Jim Cramer recently provided insights on. Cramer noted the company’s growth over the past decade and said:

“Fifth, there’s Visa, another long shot that’s in the same boat, although I give it 40:1 odds because look, it’s got a market cap of already about almost $700 billion. Same story as MasterCard, though, 16% compound annual earnings growth over the past decade. 14% growth expected this year. No matter how much Wall Street worries about the new payments platforms, they never seem to make a dent in the big credit card networks.

Like MasterCard, though, Visa doesn’t really have the juice to leapfrog its more richly valued competitors in the trillion-dollar race. But man, this stock’s given shareholders an annual equivalent gain of about 17% for the past decade. If they keep it up, Visa should be a trillionaire within three years, and I bet Visa gets there. I just doubt they’ll get there first.”

Visa Inc. (NYSE:V) is a payment technology company that processes digital transactions and provides credit, debit, and prepaid cards.

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