Ackman Boosts Visa Stakes Amid Digital Payments Surge

Visa's stock price has edged higher after hedge fund manager Bill Ackman increased his exposure to the company.

Ackman's growing interest in Visa is a testament to its recurring revenue model and long-term growth potential in digital payments, according to recent market data.

The company's shares have been trading near $364, a level that keeps them comfortably above $350 and within sight of prevailing analyst price targets clustering in the low-$400 range.