Bernstein Maintains Outperform Rating for Visa Inc. (V), Price Target at $380

Visa Inc. (NYSE:V) is among the 14 Best Big Name Stocks to Invest in Right Now. On October 13, Bernstein analyst Harshita Rawat maintained an Outperform rating for the stock with a price target of $380 for its shares.

The reaffirmation, which comes despite the stock underperforming the broad market index this year, represents an upside potential of 9% for Visa Inc. (NYSE:V).

Bernstein noted that the multiples decreased by mid-single to high-single digits for both Visa and Mastercard since June, as the stablecoin narrative gained traction following the passage of the GENIUS Act.

While this could be one factor behind the underperformance, Rawat also highlighted other factors that could have affected performance, such as GICS reclassification, funding sources for AI investments, and financial stocks rotation.

Despite the challenges, Bernstein expressed confidence in the company’s business fundamentals, saying the firm felt better about Visa Inc. (NYSE:V) as a business now than it did five years ago.

In other related news, on October 6, Baird analyst David Koning lifted Visa Inc. (NYSE:V)’s price target to $410 from $400 and maintained an Outperform rating on its shares, after updating its model following the Q4 earnings preview.

Visa Inc. (NYSE:V) is a payment technology company that facilitates electronic transactions worldwide.

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