Visa Inc. stock price dropped after multiple institutional investors reduced their stakes in the company.
Stock AI’s forecasts:
🔴 -5.8% short-term decrease
🟢 +1.0% long-term increase
Stock AI’s (V) Forecast get (+4.0% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $V ($279.6), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $268.5 (🔴-4.0%). Selling V on this signal yielded a +4.0% profit 💰💰.
V-Visa Inc. News
🔴 Valley National Advisers Inc. raised its stake in Visa Inc. (NYSE:V) by 7.0% during the fourth quarter, which could indicate confidence in the stock.
🟢 First Bancorp Inc ME cut its stake in Visa Inc. (NYSE:V) by 1.3% during the 4th quarter, potentially leading to a slight decrease in price.
🔴 Financial Management Network Inc. lowered its stake in Visa Inc. (NYSE:V) by 0.6% during the fourth quarter, which might have a negative impact on the stock.
🟢 Prosperity Wealth Management Inc. trimmed its position in Visa Inc. (NYSE:V) by 10.7% during the 4th quarter, potentially affecting the stock positively.
🔴 Coerente Capital Management lowered its position in Visa Inc. (NYSE:V) by 0.4% during the fourth quarter, signaling a possible decrease in price.
🟢 First Interstate Bank lifted its holdings in Visa Inc. (NYSE:V) by 3.6% in the 4th quarter, which could lead to a positive effect on the stock.
Visa Inc. (V) has seen a mix of positive and negative news in recent reports. While some investors have increased their stakes in the company, others have decreased their positions. The positive news of increased stakes could indicate confidence in Visa’s future performance, potentially leading to a price increase. On the other hand, the negative news of lowered stakes might signal concerns among investors, which could result in a price decrease.
Overall, the impact of these news items on Visa Inc.’s stock price remains uncertain. Investors will need to closely monitor any further developments to gauge the stock’s future performance accurately.
V-Visa Inc. Analyst Ratings
Here are some recent analyst ratings for Visa Inc. stock:
📈 Evercore ISI raised their price target on Visa (NYSE:V) from $325.00 to $335.00 and maintained an “outperform” rating.
📉 TD Cowen initiated coverage on Visa (NYSE:V) with a buy rating and a price target of $320.00.
📉 JPMorgan analysts downgraded their rating on Visa Inc. (NYSE:V) stock from Neutral to Underweight and decreased the target price from $300 to $280.
Sources:
1. ETFDailyNews – Evercore ISI Raises Price Target on Visa Stock
2. ETFDailyNews – TD Cowen Initiates Buy Rating on Visa Stock
3. ETFDailyNews – JPMorgan Downgrades Visa Stock
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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