Visa Inc Class A
V: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$817.00 | Wcxc | Xbgqsxph |
Visa Earnings: Quarter Largely Maintains Recent Trends
We think Visa’s fiscal fourth quarter largely showed a continuation of recent trends. Growth remains healthy as consumer spending appears to be resilient, and the company is still seeing a modest benefit from a bounceback in cross-border spending. Overall, we don’t see any major surprises, and company guidance suggests management believes recent trends will continue into fiscal 2024. We will maintain our $241 fair value estimate for the wide-moat company. We see the shares as fairly valued at the moment.