Visa Inc. (NYSE:V) is one of the 15 best stocks to invest in according to billionaires.
As of the close of play on February 27, consensus sentiment for Visa Inc. (NYSE:V) was strongly bullish. The stock received coverage from 26 analysts, 24 of whom assigned Buy ratings and 2 gave Hold calls. With no Sell rating, the stock has a projected median 1-year price target of 400.64, implying a potential upside of nearly 24%.
In a recent development, on February 19, Visa Inc. (NYSE:V) announced that it has signed a definitive agreement to purchase Prisma Medios de Pago and Newpay in Argentina from Advent International.
Prisma offers processing services for credit, debit, and prepaid card issuers. Newpay operates as a multi-network infrastructure provider managing real-time payment services, the Banelco ATM network, and the PagoMisCuentas bill payment platform. The acquisition is subject to closing conditions, with the transaction expected to be completed during the second quarter.
Around the same time, Visa Inc. (NYSE:V) also announced the renewal of its multi-year partnership with Oracle Red Bull Racing and Visa Cash App Racing Bulls. Under the revised agreement, Visa will continue as a primary partner while increasing its on-car branding visibility, including prominent placement on the front wing of the RB22.
Visa Inc. (NYSE:V) is a payment technology company that enables electronic funds transfers (EFTs) around the globe. It offers VisaNet and Visa Direct platforms for money movement services, and authorization and settlement of transactions. The company also provides credit, debit, and prepaid cards, as well as other solutions, including tap-to-pay and tokenization.
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