Visa Inc.

Current trend

The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00.

The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%.

Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in international travel, and by the end of the year EPS is likely to add 14.0%.

Nevertheless, the company remains under pressure from regulators: as part of the antimonopoly audit announced by the US Department of Justice back in 2021, the management of Visa Inc. and MasterCard Inc. received a request for information on the practice of using debit cards in the country and the methods of competition used.

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ATian
2023-08-11
ATian
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