If You Invested $10,000 in Visa in 2013, This Is How Much You Would Have Today
It may not be the market's best-performing stock over the course of the past 10 years. But there's no denying (NYSE: V) shares have soundly rewarded patient shareholders. A $10,000 investment in Visa made in 2013 would be worth nearly $54,000 today. Factoring in reinvested dividends would bump that total up to $58,020, which nearly doubles the performance of the S 500 over that time.
The thing is, while most stocks struggle to maintain above-average gains for years and years on end, this one just might do so. The reasons Visa shares have done so well during the past decade are still largely intact: the company's superior offerings and a growing preference for card-based payments rather than cash.
Contrary to a common belief, Visa isn't the underlying lender to customers using its plastic to make purchases. It's strictly a middleman, allowing banks and other lenders to issue credit cards while at the same time allowing merchants to accept card-based payments. It handles nearly 270 billion transactions per year, facilitating more than $14 trillion worth of business between more than 100 million merchants and the holders of more than 4 billion Visa cards. That makes it the world's largest credit payment network.
Source Fool.com
Visa Inc. A Stock
With 50 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 280 € shows a slightly positive potential of 14.66% compared to the current price of 244.2 € for Visa Inc. A.