Macquarie analyst Paul Golding says Visa reported volume and transaction data for July and August, with U.S. volume growth dipping in July and coming back in August. The company saw continued improvement in the Asia-Pacific travel corridors, which are still benefiting from the China reopening and strong e-commerce volumes, the analyst tells investors in a research note. The firm says Visa’s U.S. payments volumes may be on track to reach its full quarter estimate. Macquarie keeps an Outperform rating on Visa with a $265 price target.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on V:
- Vanguard Mega Cap Growth ETF (MGK): Go Big, or Go Home
- Visa announces volume and transaction data for July and to August 28
- Mizuho ‘less celebratory’ on report of Visa, MasterCard raising fees
- Visa, Mastercard Set to Hike Credit Card Fees; More Burden for Merchants
- Unusually active option classes on open August 30th