Credit card issuer Visa Inc. (V) on Thursday received some bullish commentary from analysts at Goldman Sachs.
The firm maintained its “Overweight” rating on V and lifted its price target to $147. That new target suggests a 20% upside to the stock’s Wednesday closing price of $122.59.
Goldman Sachs also boosted its earnings estimates for the company, citing improving industry fundamentals.
Visa shares were mostly flat in premarket trading Thursday.
The Bottom Line
Shares of Visa (V) have a .72% dividend yield, based on last night’s closing stock price of $122.59. The stock has technical support in the $115 price area. The shares are trading right near all-time highs.
Visa Inc. (V) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.