Visa Surges to New High on Strong Q3 Results and Institutional Backing
Visa stock has reached an all-time high of $380.52 in mid-day trading, representing a 2.6% surge from yesterday's close of $371.04.
The company's fiscal third-quarter results for 2026 showed revenue increasing 14% year-over-year to $11.6 billion and earnings per share beating consensus estimates at $3.32.
Following the strong quarter, Visa raised its full-year outlook, which has bolstered sentiment among analysts and investors.
Pershing Square's Bill Ackman disclosed a significant stake in Visa worth approximately $1.1 billion, further boosting confidence in the company's prospects.