Is Now the Right Time to Buy Visa Stock?
(NYSE: V) continues posting strong financial results, as its fiscal 2023 third quarter (ended June 30) numbers show. The massive card network reported revenue of $8.1 billion and adjusted earnings per share (EPS) of $2.16, both up meaningfully compared to the year-ago period. Both figures also beat Wall Street forecasts.
Despite having strong fundamentals, Visa has lagged the S 500 in 2023. Does that mean now is the right time to buy the top financial stock? Let's take a closer look.
It's business as usual for Visa, which keeps humming along as if there isn't a ton of uncertainty surrounding the global economy. As I noted, both the top- and bottom-line metrics exceeded analyst estimates. In fact, this was the 13th straight quarter that Visa's EPS surprised to the upside. That's a phenomenal track record that's even more impressive when you consider that the last three years included the pandemic, supply chain issues, surging inflation, and rising interest rates.
Source Fool.com
Visa Inc. A Stock
With 49 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 281 € shows a slightly positive potential of 13.12% compared to the current price of 248.4 € for Visa Inc. A.
