Bullish
Visa's stock hits $371.04, nearing record high, amid strong services growth
Visa's stock rose 1.45% to $371.04, approaching its record high, driven by a 33% increase in value-added services revenue to $3.8 billion in the June quarter. Additionally, Pershing Square Capital Management disclosed a new $1.1 billion stake in Visa, reflecting strong institutional confidence.
Key points
- Visa's stock climbs near record high on 33% services growth
- Bill Ackman's Pershing Square invests $1.1B in Visa
- Piper Sandler raises Visa stock price target to $430 on AI growth
Sources
AI-generated from public news sources. Not financial advice.
