Market Overview

UPDATE: Goldman Sachs Upgrades Visa to Conviction Buy on Secular Transaction Growth

Share:
Related V
Paying The Minimum On Your Credit Cards Can Double Your Debt
Visa's Updated April Volume Numbers 'Should Help To Sooth Some Concerns,' Says KBW
After One Year, How My 'No. 1 Stock In The World' Choices Are Performing (Seeking Alpha)

Goldman Sachs upgraded Visa (NYSE: V) from Buy to Conviction Buy and raised the price target from $160 to $188.00.

Goldman Sachs commented, "Our high conviction on V shares is two pronged and centers on (1) the under-appreciated growth contribution from international and online and mobile commerce (E/M commerce) expected to add to its long-term transaction volume growth; a revenue driver that is now explicitly factored into our revised estimates based on number of cardholders and monthly usage assumptions; and (2) its significant potential for increased capital allocation with annual free cash flow of $5 bn+ through our forecast period, V's options are significant and should add another turn to valuation of the shares."

Visa closed at $159.36 on Tuesday.

Latest Ratings for V

DateFirmActionFromTo
May 2016BarclaysMaintainsOverweight
Apr 2016Goldman SachsMaintainsBuy
Apr 2016Cowen & CompanyMaintainsOutperform

View More Analyst Ratings for V
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (V)

View Comments and Join the Discussion!