Is Visa Stock a Buy Now?
Shares of Visa (NYSE: V) dropped by 7% on June 14 after The Wall Street Journal reported that retail giants and Amazon are exploring the launch of their own stablecoins. The development raises serious questions about the future of traditional payment networks, especially as retailers become increasingly frustrated with the fees associated with them.
Let's examine Visa's stance on stablecoins, its recent earnings, and valuation to determine whether its stock is a buy, sell, or hold.
Stablecoins are digital tokens designed to maintain a steady value by being pegged to traditional currencies, such as the U.S. dollar. Backed by reserves of cash or cash-equivalent assets such as Treasury securities, they are primarily used to hold value or facilitate transactions within the broader cryptocurrency ecosystem.
Source Fool.com
Visa Inc. A Stock
The stock is an absolute favorite of our community with 72 Buy predictions and no Sell predictions.
With a target price of 320 € there is a slightly positive potential of 6.44% for Visa Inc. A compared to the current price of 300.65 €.
