Visa’s Stock Performance Overview
Visa’s stock (NYSE: V) has gained 10% YTD, with the current share price near $285, slightly below its fair value estimate of $301 by Trefis. The stock showed a remarkable 30% increase from early 2021, yet struggled to match the S&P 500 consistently.
Comparing Returns and Market Trends
Looking at historical data, Visa underperformed the S&P 500 in 2021. The quest for beating the market, especially against giants like JPM, MA, and BAC, remains elusive for many individual stocks. However, the Trefis High Quality (HQ) Portfolio outshone the S&P 500 consistently, offering higher returns with lower risk.
Financial Insights and Expectations
In FY2024 Q1, Visa exceeded expectations with a 9% y-o-y increase in net revenues, driven by growth in various sectors. Notably, the company’s net income rose by 17% y-o-y. Looking ahead, expectations are high for FY2024, with estimated revenues touching $35.97 billion and an adjusted net income of $19.8 billion.
| Returns | Mar 2024 MTD [1] |
2024 YTD [1] |
2017-24 Total [2] |
| V Return | 1% | 10% | 265% |
| S&P 500 Return | 2% | 9% | 131% |
| Trefis Reinforced Value Portfolio | 0% | 5% | 644% |
[1] Returns as of 3/14/2024
[2] Cumulative total returns since the end of 2016
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
