KeyBanc analyst Josh Beck upgraded Visa to Overweight from Sector Weight with a $210 price target. The analyst says his prior travel-related dislocation concerns have faded and that new flows beyond consumer card are improving the company’s diversification and growth durability. New payment flows should extend the growth runway at Visa and MasterCard, prompting an upgrade for both, Beck tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on V:
- Tight Jobs Market in December Offset by Wage Gains
- Visa price target raised to $255 from $240 at Wolfe Research
- Wedbush says SpendingPulse data bodes well for Visa, MasterCard, and PayPal
- Visa (NYSE:V) Envisions Auto Payments on Ethereum Network
- Conduent selected to provide EMV contactless payment system for Venice