Citi Initiates Coverage on Visa (V) with Buy Rating

Visa Inc. (NYSE:V) is one of the 10 Best Dow Stocks to Buy According to Wall Street Analysts. On October 23, Citi initiated coverage on Visa Inc. (NYSE:V), giving the stock a Buy rating with a $450 price target.

Citi’s analyst pointed out that Visa Inc.’s (NYSE:V) large network, strong position in payment processing, and high-value brand are “formidable moats” that make the company “highly defendable.”Citi Initiates Coverage on Visa (V) with Buy Rating

Additionally, Citi’s analyst believes that solid ongoing trends in cross-border payments and the changes in pricing contribute to a positive outlook on Visa Inc. (NYSE:V).

Visa Inc. (NYSE:V) is an American multinational digital payments company that provides a wide range of payment products and payment processing to facilitate electronic payments in over 200 countries and territories.

While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American AI Stocks to Buy According to Analysts and 11 Dirt Cheap Stocks to Buy According to Analysts.

Disclosure: None. This article is originally published at Insider Monkey.

View Comments