Visa Cryptocurrency Partners

Visa Looks to Capitalize on Growing Interest in Crypto

Visa Stock, V stock, Credit card stocks
Written by publishing team

Visa Launches Visa’s Global Crypto Advisory Practice

Visa Inc. (NYSE: V) It is one of the largest financial services companies in the world. The credit card company facilitates digital payments and electronic money transfers worldwide, most commonly through Visa branded credit cards, debit cards, and prepaid cards. This afternoon, V is trading down 1.4% at $210.41.

Visa stock is up about 2% year over year, and V is trading 10% since hitting a 52-week low of $190.10 earlier this month. V shares have fallen back below the year-to-date break-even mark, and are trading 16% below the stock’s record high in late July at $252.67. Furthermore, Visa is offering a forward dividend of $1.50 with a dividend yield of 0.70%, and appears to be under general pressure at the 50-day moving average.

Daily vw50ma

On December 8, Visa announced the launch of Visa’s global crypto consulting practice. This is an offering within Visa Consulting & Analytics designed to help clients and partners advance their cryptocurrency journey. Working with more than 60 crypto platforms, Visa’s global network of advisors will help financial institutions assess cryptocurrency opportunities, develop strategies, and pilot new user experiences and innovations such as crypto reward programs and integrated CBDC consumer wallets.

From a fundamental point of view, Visa shares are overvalued by almost all metrics. Visa’s stock is trading at an inflated P/E ratio of 37.92 and V reaches a significantly higher P/E of 19.37. Visa’s overall growth rate simply does not guarantee the high valuation metrics that are trading, including V’s forward P/E ratio of 29.94.

Regardless, analysts are overwhelmingly eyeing the credit card name. As the day approaches, 22 of the 23 brokerages boast a “buy” or “strong buy” recommendation. Furthermore, the 12-month average stock price target comes in at $274.53. More than 30% premium over current levels.

About the author

publishing team