According to an update released by analysts at RBC Capital Markets the broker has now set a ‘Outperform’ rating on shares of Visa Inc. (NYSE:V) with a price target of 98.
RBC Capital Markets on Friday reiterated Visa Inc.’s analyst rating as ‘Outperform’ with its price target of 98 highlighting a potential increase of 5.99% from Visa Inc.’s current price of 92.46.
Over the last twelve months Visa Inc.’s stock price has increased from 80.19 to 92.46, a change of 15.3%.
Visa Inc. has 2,324,094,000 shares in issue which have a share price of 92.46 giving Visa Inc. a market capitalisation of 214.89B USD.
The company has a 50 day moving average of 89.22 and a 200 day moving average of 83.76. The 52 week high shares of Visa Inc. have reached is 92.8 whilst the 52 week low for the company’s shares is 73.25.
Visa Inc. (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants. The Company’s transaction processing network facilitates authorization, clearing and settlement of payment transactions and enables to provide its financial institution and merchant clients a range of products, platforms and value-added services. The Company is a retail electronic payment network based on payments volume, number of transactions and number of cards in circulation. Its products/services include core products, processing infrastructure, transaction processing services, digital products, merchant products, and risk products and payment security initiatives.