Visa Inc. ($V) Stock Forecast: Down 1.6% Today

What is Visa Inc.?

Visa (V) is a global payments technology company that facilitates secure electronic transactions. The stock market saw a downturn today, with Visa witnessing a significant drop in its stock price.

Why is Visa Inc. going down?

V stock is down 1.6% on Sep 19, 2024 14:46

• Despite being regarded favorably by Wall Street analysts, Visa experienced a bearish trend in today's trading.
• While Visa had previously outperformed the overall market, today's decrease indicates a change in investor sentiment.
• Differing opinions regarding Visa's investment appeal may have prompted investors to take profits, contributing to the decline.
• Investors could be reassessing their positions in Visa amid uncertainties about the company's future growth prospects, leading to today's negative price movement.

V Price Chart

V News

Wall Street Analysts Think Visa ( V ) Is a Good Investment: Is It?

The average brokerage recommendation (ABR) for Visa (V) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

https://www.zacks.com/stock/news/2337094/wall-street-analysts-think-visa-v-is-a-good-investment-is-it

Visa ( V ) Outperforms Broader Market: What You Need to Know

Visa (V) closed the most recent trading day at $290.37, moving +1.05% from the previous trading session.

https://www.zacks.com/stock/news/2336787/visa-v-outperforms-broader-market-what-you-need-to-know

Trending Today

Bitcoin Cash ($BCH) Crypto Forecast: Up 9.6% Today

Plug Power Inc. ($PLUG) Stock Forecast: Up 5.3% Today

Ethereum ($ETH) Crypto Forecast: Up 5.6% Today

Upstart Holdings Inc. ($UPST) Stock Forecast: Up 6.2% Today

Advanced Micro Devices Inc. ($AMD) Stock Forecast: Up 5.1% Today

Shopify Inc. Class A Subordinate ($SHOP) Stock Forecast: Up 5.0% Today

Memecoin ($MEME) Crypto Forecast: Up 6.3% Today

dogwifhat ($WIF) Crypto Forecast: Up 16.3% Today

Bitcoin ($BTC) Crypto Forecast: Up 5.5% Today

Affirm Holdings Inc. ($AFRM) Stock Forecast: Up 5.4% Today

Visa Inc. Price History

19.08.2024 - V Stock was down 1.6%

• Despite being regarded favorably by Wall Street analysts, Visa experienced a bearish trend in today's trading.
• While Visa had previously outperformed the overall market, today's decrease indicates a change in investor sentiment.
• Differing opinions regarding Visa's investment appeal may have prompted investors to take profits, contributing to the decline.
• Investors could be reassessing their positions in Visa amid uncertainties about the company's future growth prospects, leading to today's negative price movement.

25.09.2023 - V Stock was up 0.2%

• Visa's stock had a strong bullish movement today.
• The positive movement could be attributed to the company's announcement of impactful Instant Savings offers for small businesses, aimed at enabling their growth and meeting customer expectations.
• The increase in investor confidence could also be influenced by positive analyst forecasts and a raised price target by Raymond James.
• The overall market sentiment towards undervalued blue-chip stocks may have contributed to Visa's bullish movement.

25.03.2024 - V Stock was down 0.5%

• Visa reported a solid earnings beat for its fiscal second quarter, which initially led to a climb in its stock price. However, the market sentiment turned bearish despite the positive earnings report.
• The overall fintech industry is becoming increasingly competitive, with digital banks and fintech companies offering convenient financial services. This heightened competition may have impacted Visa's stock performance.
• Despite the positive performance of the S&P and NASDAQ indices, Visa's stock experienced a decline, possibly due to profit-taking or concerns about future growth prospects.
• Price targets for Visa were hiked on expected acceleration, indicating positive outlooks from analysts. However, external factors or market dynamics might have influenced the bearish movement in Visa's stock price today.

18.06.2023 - V Stock was down 1.4%

• The bearish movement in Visa's stock today could be attributed to several factors:
• 1. Market Sentiment: The overall market sentiment might have been negative, leading to a decline in Visa's stock price along with other stocks.
• 2. Profit-Taking: Investors who had previously accumulated Visa's stock might have decided to take profits, causing a downward pressure on the stock price.
• 3. Lack of Positive Catalysts: The absence of any significant positive news or catalysts specific to Visa might have contributed to the bearish movement.
• 4. Competition: The collaboration between Mastercard and DTS to enhance fraud detection in Japan could have raised concerns about Visa's market share and competitiveness, impacting its stock price negatively.

29.05.2023 - V Stock was up 2.6%

• Visa announced its acquisition of Pismo, a cloud-native issuer processing and core banking platform, for $1 billion in cash.
• This acquisition is part of Visa's expansion plans in Latin America, where the region has been attracting foreign investments.
• The market responded positively to this news, as it signifies Visa's commitment to enhancing its payment infrastructure and support for emerging payment rails.
• The acquisition of Pismo positions Visa to compete with other payment giants like Mastercard in the race for market dominance.

21.10.2023 - V Stock was up 1.2%

• The insider selling by President of Technology Rajat Taneja may have initially raised concerns, but it did not seem to have a significant impact on the bullish movement of Visa's stock.
• The news of Mastercard soon being widely accepted in China might have created positive sentiment for Visa as well, as it indicates potential growth opportunities in the Chinese market.
• The partnership between Visa, UOB, and Doxa to expedite contractor payments in Asia could have been seen as a positive development, enhancing Visa's presence and capabilities in the region.
• Visa's collaboration with Tencent Financial Technology to grow cross-border volumes through Visa Direct could have also contributed to the bullish movement, as it signifies potential expansion in the remittance market.
• Overall, the combination of positive market sentiment, potential growth opportunities, and strategic partnerships likely contributed to Visa's strong bullish movement.

16.07.2023 - V Stock was down 0.2%

• The bearish movement in Visa's stock today can be attributed to the following factors:
• 1. Scrutiny from the U.S. Justice Department: The report indicating new scrutiny from the U.S. Justice Department might have raised concerns among investors, leading to selling pressure on Visa's stock.
• 2. Market performance: Despite the recent increase in Visa's stock, it is important to note that the overall market has also experienced a rise. This suggests that the bearish movement in Visa's stock today might be a correction or profit-taking by investors.
• 3. Challenges in the industry: The article mentioning new challenges faced by credit-card companies, including Visa, from Congress, cryptocurrencies, and fintech upstarts, might have added to the bearish sentiment.
• 4. No significant positive news: While there are articles mentioning Visa, they do not provide any significant positive news that could have counteracted the bearish movement.
• Overall, the bearish movement in Visa's stock today can be attributed to the scrutiny from the U.S. Justice Department, concerns about industry challenges, and a lack of positive news to offset the selling pressure.