Should You Buy Visa Stock Hand Over Fist in 2024?
(NYSE: V) finished 2023 with a 25% gain, which basically matched the performance of the broader S 500. However, the business probably flew under the radar because of all the attention that went to technology and artificial intelligence (AI)-focused companies. I think it's time to turn our attention back to this business.
Should investors buy this top financial stock hand over fist in 2024? Here are three reasons why this could be the smartest move you make this year, as well as one final factor to consider before making a decision.
In the past decade, from fiscal 2013 through fiscal 2023 (ended Sept. 30, 2023), Visa's revenue increased at a compound annual rate of 10.7%. What's impressive is that this growth has been consistent, besides the single-digit decline in 2020 due to the pandemic.
Source Fool.com
Visa Inc. A Stock
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 280 € there is a slightly positive potential of 15.8% for Visa Inc. A compared to the current price of 241.8 €.
