Erste Group Upgrades Visa (V) to Buy, 'we expect the stock’s upward trend to continue'

Erste Group analyst Hans Engel upgraded Visa (NYSE: V) from Hold to Buy.

The analyst comments "Visa is constantly evolving its services. The company offers banks, fintechs, and other businesses technology and financial solutions that enable them to integrate payment, security, and data capabilities directly into their own products. With Visa Stablecoin, the company is expanding its network. The company demonstrates significantly higher profitability than its competitors. Based on its P/E ratio, the stock is fairly valued. Driven by revenue and earnings growth that outperforms its peer group, we expect the stock’s upward trend to continue."

For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.

Shares of Visa closed at $355.74 yesterday.

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