In a report released today, James Faucette from Morgan Stanley maintained a Buy rating on Visa (V), with a price target of $183.00. The company’s shares closed last Wednesday at $174.10.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 11.2% and a 73.8% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Fidelity National Info, and DXC Technology Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Visa with a $209.00 average price target, representing a 22.2% upside. In a report issued on March 26, RBC Capital also maintained a Buy rating on the stock with a $195.00 price target.
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The company has a one-year high of $214.17 and a one-year low of $133.93. Currently, Visa has an average volume of 13.19M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of V in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.