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Wolfe Research raised its price target on Visa to $395 from $385.
Wolfe Research has raised Visa's price target to $395, citing the 2026 FIFA World Cup impact.
KEY POINTS
- Visa's forecast upgrade is partly due to anticipated consumer and commercial spending from the World Cup.
- Visa's value-added services growth is benefiting from FIFA event-linked marketing and increasing fraud-related demand.
- Stronger cross-border e-commerce spending is compensating for weaker travel transactions due to the Iran war.
COMPANIES
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