Down 6% in 2 Months, Should You Buy the Dip on This Half-Trillion-Dollar Dow Dividend Growth Stock?
Credit card companies like (NYSE: V), Mastercard (NYSE: MA), and American Express (NYSE: AXP) continue to benefit from a transition away from cash toward digital payments. Visa is now the third most-valuable company in the financial sector, with a market value of about $550 billion, behind only Berkshire Hathaway and JPMorgan Chase.
Visa has fallen almost 6% during the past two months and is little changed on the year, drastically underperforming the 18% gain in the S 500. Here's why this Dow Jones Industrial Average component is an incredible long-term investment opportunity worth considering now.
Image source: Getty Images.
Source Fool.com
Visa Inc. A Stock
€255.55
-1.400%
With 50 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 285 € shows a slightly positive potential of 11.52% compared to the current price of 255.55 € for Visa Inc. A.
