The price target of the Visa stock has been increased from a sum of $233 to a sum of $253 in a Monday research report. According to the same report, the brokerage has put up a rating of overweight on the Visa stock. The price target set by Morgan Stanley implies an annual growth rate of about 22.8% on the previous close of the company.
Stock Commentary Of The Visa Stock
There have been quite a few research equities that have commented on the Visa stock. Barclays has already put up a rating of buy with a price target set at $230. Jefferies Financial Group has also increased the price rating of the company from hold to buy, along with the price target which was increased from $195 to $250 in a 13th January research report.
Credit Suisse Group has also increased the price target of the company from $255 to $265 with a rating of outperform in a 29th January research note. KeyCorp has gone ahead and increased the price objective to $225, with a rating of overweight. In the end, Deutsche Bank has also issued a price target of $270, with a rating of buy in a 14th January research note.
Five of the investment analysts covering the firm gave it a rating of hold, while twenty-four of them issued the company with a rating of buy. Currently, the Visa stock has a buy rating, with a $223.36 price target.
The Visa stock traded on Monday at $206.90. The moving average price of the company over 50 days is $211.51, while the moving average price of the company over 200 days is $206.49. The market cap of the firm is $403.93 billion, with a 42.40 PE ratio, along with a PEG ratio of around 3.80. The year low of the company is $133.93, with a year high of $228.23.