Truist Maintains Buy Rating on Visa (V) as Stablecoin Concerns Emerge

Visa Inc. (NYSE:V) is one of the best stocks to buy. On June 16, Truist maintained a Buy rating on Visa Inc. (NYSE:V) with a $400 price target, after the stock dropped 5% on June 13 due to stablecoin-related buzz. Apart from recent fluctuations, the stock has gained 31% over the past year.

Truist labeled the market’s response as excessive, clarifying that stablecoins are not expected to meaningfully displace card payments. The firm also highlighted Visa Inc. (NYSE:V)’s continued centrality in crypto and stablecoin infrastructure.

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In addition to addressing stablecoin issues, Truist maintained a favorable stance on Visa’s near-term outlook, implying that analysts’ estimates for Q2 volume expansion seem cautious. According to the firm, the recent decline in the US dollar could bolster Visa’s financial performance and lead to higher analyst expectations.

Truist pointed out that Visa’s current valuation, relative to the broader market, remains compelling when viewed historically, justifying its continued support for the Buy rating despite recent market weakness.

Visa Inc. (NYSE:V) is a global payments technology company that offers card services, digital payment solutions, and cross-border platforms to support financial institutions, merchants, and governments.

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