Visa (V) : Analyst Rating Update

Visa (V) : 15 brokerage houses believe that Visa (V) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Visa (V). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 1.54.

Visa (V) : The highest level Visa (V) is projected to reach is $100 for the short term and the lowest estimate is at $77. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $89.21 and the possibility the share price can swing is $5.58.

Visa (NYSE:V): The stock opened at $74.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $74.75 for the day. The stock traded down to $73.83 during the day, due to lack of any buying support eventually closed down at $74.06 with a loss of -0.82% for the day. The stock had closed at $74.67 on the previous day. The total traded volume was 11,263,807 shares.

Also, Oppenheimer maintains its view on Visa (NYSE:V) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Oppenheimer raises the price target from $85 per share to $90 per share on Visa . The rating by the firm was issued on June 10, 2016. The company shares have rallied 11.90% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $81.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $77.91 and the 200 Day Moving Average price is recorded at $75.68.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

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