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Visa Inc. (NYSE: V) Continues to Dominate the Payments Industry
Jun 2, 2025 5:05 PM - Stuart Mooney
Image credit: Google Images
- Matthew Coad from Truist Financial sets a bullish price target of $400 for Visa Inc. (NYSE: V), indicating a potential increase of approximately 10.15%.
- Visa's fiscal second-quarter results exceeded Wall Street expectations, with a significant announcement of a $30 billion share buyback plan.
- The stock reached an all-time high above $369, marking a 15.6% increase since the start of the year and showcasing Visa's robust growth in the payments industry.
Visa Inc. (NYSE: V) is a global leader in the payments processing industry. Founded in 1958, Visa went public in 2008, raising $17.9 billion in what was then the largest public offering. The company has maintained a dominant position in the payments industry, even as it faces competition from other major players like Mastercard and American Express.
On June 2, 2025, Matthew Coad from Truist Financial set a bullish price target of $400 for Visa. At the time, Visa's stock was trading at $363.13, suggesting a potential increase of approximately 10.15%. This optimistic outlook aligns with Visa's recent developments, including a surge in the adoption of its "Tap to Phone" technology and a new scam disruption initiative.
Visa's fiscal second-quarter results exceeded Wall Street expectations, reflecting strong consumer spending. The company also announced a $30 billion share buyback plan, which has helped the stock remain resilient amid economic uncertainties. This buyback plan is a strategy where a company purchases its own shares from the marketplace, reducing the number of outstanding shares and often boosting the stock price.
Visa's stock recently reached an all-time high above $369, marking a 15.6% increase since the start of the year. Currently, Visa's stock is trading at $363.03, with a slight decrease of 0.59% today. The stock has seen a low of $359.96 and a high of $364.05 in today's trading. Visa's market capitalization stands at approximately $704 billion, reflecting its significant presence in the global market.
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