Visa Inc Class A

V: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$312.00	Jlglf	Wxkqmflr

Visa Holds Up Relatively Well in Fiscal Q1 2023

Brett Horn

Jan 27, 2023

Visa’s fiscal first-quarter results largely mirrored what we saw from its peer Mastercard. Both companies are still enjoying a bit of a boost from the recovery in travel spending, but the impact is fading. Although there have been concerns about a potential macroeconomic downturn and the impact on consumer spending, we think volume has been holding up reasonably well. We will maintain our $229 per share fair value estimate for the wide-moat firm, and we view the shares as being fairly valued at this point.

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