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Visa stock forecast shows steady bullish sentiment for Q2

Model: NS-40F401NA26
SKU: 6614066
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Visa stock forecast shows steady bullish sentiment for Q2 2024, with analysts projecting a target range of $280–$295 backed by strong payment volume growth and global consumer spending recovery in the fintech sector. Trump's budget reconciliation bill that passed in July included $703 billion in temporary tax cuts over the next four years starting in 2026, also providing substantial stimulus. The consumer price index is expected to peak at 3.6% in the first quarter of next year before easing. Our proven model predicts a likely earnings beat for Visa this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That’s precisely the case here. Market analysts see Visa stock forecast supported by consistent earnings beats; Q1 2024 revenue rose 9% YOY, driven by robust cross-border transaction volumes and digital payment adoption trends in emerging markets.