why Visa Inc [V] is a Good Choice for Investors After New Price Target of $309.78

Visa Inc [NYSE: V] jumped around 2.71 points on Monday, while shares priced at $268.45 at the close of the session, up 1.02%.

Compared to the average trading volume of 8.21M shares, V reached a trading volume of 6842288 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Visa Inc [V]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for V shares is $309.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on V stock is a recommendation set at 1.62. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Visa Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 10, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Buy. The new note on the price target was released on April 11, 2024, representing the official price target for Visa Inc stock. Previously, the target price had yet another raise to $307, while Redburn Atlantic analysts kept a Neutral rating on V stock. On January 18, 2024, analysts increased their price target for V shares from 243 to 265.

The Average True Range (ATR) for Visa Inc is set at 4.21, with the Price to Sales ratio for V stock in the period of the last 12 months amounting to 15.73. The Price to Book ratio for the last quarter was 13.80, with the Price to Cash per share for the same quarter was set at 10.14. Price to Free Cash Flow for V in the course of the last twelve months was 27.23 with Quick ratio for the last quarter at 1.40.

How has V stock performed recently?

Visa Inc [V] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.77. With this latest performance, V shares dropped by -0.69% in over the last four-week period, additionally plugging by 1.67% over the last 6 months – not to mention a rise of 10.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for V stock in for the last two-week period is set at 48.48, with the RSI for the last a single of trading hit 51.46, and the three-weeks RSI is set at 47.47 for Visa Inc [V]. The present Moving Average for the last 50 days of trading for this stock 272.59, while it was recorded at 265.04 for the last single week of trading, and 264.95 for the last 200 days.

Visa Inc [V]: Deeper insight into the fundamentals

Visa Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

Earnings analysis for Visa Inc [V]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for V. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Visa Inc go to 12.84%.

Insider trade positions for Visa Inc [V]

The top three institutional holders of V stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in V stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in V stock with ownership which is approximately 5.1238%.

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