Is Visa Stock a Buy Now After Earnings?
Shares of Visa (NYSE: V) fell sharply following the release of its latest quarterly earnings. The market appears concerned that the global payments leader is slowing compared to stronger trends in recent years. The stock is now down about 13% from its 52-week high, reversing all gains in 2024.
While this type of volatility warrants some caution, there are plenty of reasons for Visa investors to cheer up. The company is highly profitable with strong fundamentals supporting a positive long-term outlook. Is it already time to buy the dip in shares of Visa? Here's what you need to know.
Visa reported fiscal third-quarter earnings per share (EPS) of $2.42 for the period ended March 31, matching the average Wall Street estimate, and also up 10% from the prior-year quarter. Net revenue of $8.9 billion climbed a solid 10% year over year but did fall slightly short of the consensus by $20 million.
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 284 € shows a slightly positive potential of 13.71% compared to the current price of 249.75 € for Visa Inc. A.
