Visa (V) Stock Reaches New High as Wall Street Maintains Buy Rating
TLDR
- Visa stock hit a 52-week high of $374.20, with a market cap of $681 billion and a P/E ratio of 31.56.
- Q3 EPS came in at $3.32, beating estimates by $0.09, with revenue of $11.63 billion, up 14.4% year-over-year.
- Analysts hold an average โBuyโ rating with a consensus price target of $413.58.
- Piper Sandler raised its price target to $430; Susquehanna set a target of $427.
- Visa authorized a $20 billion share buyback and pays a quarterly dividend of $0.67 per share.
Visa (V) stock touched a 52-week high of $374.20 on Monday, continuing a steady climb backed by strong earnings and broad analyst support.
The stock is up 6.37% over the past year and has delivered a 6.85% total return in the same period. It trades at a P/E ratio of 31.56, with a 50-day moving average of $353.73 and a 200-day moving average of $329.61.
Visaโs most recent quarterly results gave investors plenty to feel good about. The company posted EPS of $3.32, beating the consensus estimate of $3.23 by $0.09. Revenue came in at $11.63 billion, above the $11.40 billion expectation.
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