Visa Stock Is Down 11% Since March. Should Investors Buy the Dip?
(NYSE: V) stock has been down over the last few months due to concerns about weakening consumer spending. The company's recent earnings results missed analysts' revenue estimates, coming in $200 million below expectations.
In addition, the company saw a further deceleration in U.S. consumer spending in July, leading many analysts to lower their price targets in response. The stock has fallen by 11% since March and faces some near-term headwinds, but investors could have a good opportunity to buy today. Here's why.
In Visa's third quarter (ended June 30), the payment titan posted solid results, growing net revenue by 10% year over year and its GAAP earnings per share (EPS) by 20%. However, the company's $8.9 billion in revenue came in slightly below consensus estimates.
Source Fool.com
Visa Inc. A Stock
With 51 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 18.62% compared to the current price of 236.05 € for Visa Inc. A.
