It’s not every day that a world-class company trades at an attractive price.
Here’s how I see the company’s valuation…
Visa is currently trading slightly above its technical BUY ZONE, at a multiple of approximately 29 earnings per share of $7.80.
Over the past five years, Visa has been able to grow earnings by 15% per year.
Based on the research, and factoring in a margin of safety, Visa should be able to grow earnings per share by 11% annually over the next six years.
Based on that growth rate, earnings per share would be around $14.50 in 2029.
Applying at a 30X multiple and adding in dividends, the share price should be around $450, or roughly a 100% return.
Actions to Consider: Buy Visa Inc. (NYSE: V), book partial profits at Target #1 ($261.00), move Stop Loss to your Entry, book additional profits at Target #2 ($283.00) and then leave the balance of your position to run towards the projected $450.00 end goal target.