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Visa remains confident in long-term growth profile, says Goldman Sachs

Goldman Sachs keeps a Buy rating and $317 price target on Visa following the company’s presentation at the Communacopia & Technology conference. The firm states that the company remains confident in its long-term growth profile, highlighting significant runway across consumer payments, value-added services, and new flows. Visa’s quarter-to-date update also saw Q3 with 5% U.S. payment volume growth, 13% cross border volume growth, and 10% processed transaction growth, the analyst tells investors in a research note.

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