Why Visa Is a Great Stock to Own Forever
The Federal Reserve has raised interest rates again even as the American consumer is showing enduring strength. Will the rate increases be enough to finally tame inflation? We'll find out soon enough.
(NYSE: V) has been one of the beneficiaries of strong spending. But even if that slows, it is still a top stock to have in your portfolio. Here's why.
Visa's performance is typically an indication of how the economy is doing in general. Conditions look a little different than in a standard good or bad economy, which is why the Fed raised interest rates again. Things are turbulent, but consumer spending is still healthy.
Source Fool.com
Visa Inc. A Stock
€249.90
1.210%
With 48 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 12.44% compared to the current price of 249.9 € for Visa Inc. A.
