This Stock Is Up 36% From Bear Market Lows, but It's Still Worth Buying
Do you fear stepping into a new trade after the stock has already soared? The worry isn't unmerited. Plenty of stocks have an annoying habit of tumbling following big run-ups. There are plenty of other stocks, however, that don't.
Credit card middleman (NYSE: V) is one such name that -- despite its 36% advance from bear-market lows hit in late September 2022 -- has a great shot at tacking on even more gains. Here's a closer look at why you can still buy Visa stock and why you'd want to.
You know the company. Visa is of course the United States' and the world's biggest credit card processing platform. Last quarter alone, Visa handled 54 billion card transactions. Those transactions generated $3.8 trillion worth of commerce and translated into $8.1 billion in revenue for Visa during the three-month stretch ending in June. The transactions were up 10% year over year and revenue was up 12%.
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 16.21% for Visa Inc. A compared to the current price of 240.95 €.
