Visa Leads Payment Sector with 9% Stock Surge
Visa's stock has surged to $381.13 this year, marking a 9% increase and outperforming its competitors Mastercard and American Express.
Analysts at Wolfe Research have raised Visa's price target to $460, indicating a potential 20.29% upside for investors.
The company reported a 14% revenue increase to $11.60 billion and 10% growth in payment volume for its fiscal third quarter.