In a report issued on June 15, Moshe Orenbuch from Credit Suisse maintained a Buy rating on Visa Inc (NYSE: V), with a price target of $150. The company’s shares closed on Friday at $135.10, close to its 52-week high of $136.58.
Orenbuch observed:
“We note this will only impact network economics in the payment value chain and should not affect the economics of other parties such as card issuers and merchant acquirers. Below are the details.”
Orenbuch has an average return of 31.6% when recommending Visa Inc.
According to TipRanks.com, Orenbuch is ranked #223 out of 4831 analysts.
Currently, the analyst consensus on Visa Inc is Strong Buy and the average price target is $143.75, representing a 6.4% upside.
In a report issued on June 6, Wedbush also reiterated a Buy rating on the stock with a $150 price target.
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The company has a one-year high of $136.58 and a one-year low of $93.19. Currently, Visa Inc has an average volume of 7.68M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.
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