Visa stock price target lifted, buy rating continued on FX volatility benefits By Investing.com
On Monday, Jefferies updated its outlook on Visa Inc . (NYSE:) shares, raising the price target to $320 from $310 while maintaining a Buy rating on the stock. The adjustment reflects expectations of revenue growth driven by foreign exchange (FX) volatility and service revenue yields, which are anticipated to counterbalance higher incentives.
The firm anticipates a slight third-quarter revenue beat due to these factors. Specifically, international transaction fees are projected to grow by 11% year-over-year, which is approximately 150 basis points above consensus estimates. This growth is expected despite the Chicago Board Options Exchange Volatility Index (CVIX) remaining relatively flat year-over-year in the third quarter compared to…
