Visa Shares Near 52-Week High as Stablecoin Payments Expand
Visa shares gain about 2% as its stablecoin-enabled Visa Direct prefunding service moved into commercial use, with Inyo Global becoming the first enabler.
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Visa reports earnings Oct. 27, with analysts expecting $3.44 in EPS and $12.08 billion in revenue as Susquehanna raises its price target to $480.
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Visa shares gain about 2% as its stablecoin-enabled Visa Direct prefunding service moved into commercial use, with Inyo Global becoming the first enabler.
Mastercard launched its first major integration since acquiring stablecoin infrastructure firm BVNK in August, bringing fiat and digital asset payments onto shared infrastructure.
Visa (NYSE: V) stock gains in premarket trading as the PBOC approves its application to prepare for domestic payment clearing in China.
Evercore ISI Group increased its price target for Visa shares from $370.00 to $405.00.
Following strong fiscal fourth-quarter results, Visa's board of directors approved a 16% increase to the quarterly cash dividend and authorized a new $5 billion share repurchase program.
Following Visa's fourth-quarter earnings release, several financial institutions, including Oppenheimer and Morgan Stanley, updated their price targets for the company's stock.