Mark Zuckerberg, CEO of Meta, has hired three researchers from OpenAI to bolster his company’s work on artificial intelligence. This strategic move aims to guide Meta Platforms through its current AI challenges. The social-media corporation brought aboard Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, all of whom previously held positions at OpenAI’s branch in Zurich, as per sources privy to this information. These individuals established OpenAI’s location in Zurich towards the end of last year. Prior to their time at OpenAI, they collaborated closely within Google DeepMind, which is the organization’s artificial intelligence division. A representative from OpenAI verified that the three scientists have departed from the organization. Zuckerberg has been on an intense recruiting drive To correct the company’s AI initiatives following the underwhelming reception of its most recent model, he has sometimes proposed giving researchers up to $100 million to become part o...
On Friday, June 13, the stock of payment solutions leader Visa rose. (V) slipped 5% following The Wall Street Journal’s disclosure that major retailers such as Walmart (WMT) and Amazon (AMZN) are considering the possibility of launching their own stablecoins. This news sparked concerns in the market that these digital currencies might erode traditional payment systems.
Barclays, nevertheless, is not succumbing to the panic. The company deems the response exaggerated and perceives potential opportunities where others only envision risks. As per Barclays, even though stablecoins have significant promise, they remain far off from infiltrating the retail payment sector dominated by Visa.
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Despite the headlines fueling speculation, Barclays continues to hold onto the view that Visa’s competitive edge is still robust. They remain confident that Visa’s strong position and reliable system have not been undermined. At present, although stablecoins show potential, they do not pose an imminent danger.
About Visa Stock
Headquartered in San Francisco, Visa towers over the global payments sector with a market capitalization of $624 billion Operating in over 200 nations, this firm facilitates smooth monetary transactions and trade, driven by VisaNet, their worldwide transaction management system that processes authorizations, clearances, and settlements for both banks and retailers.
In the past 52 weeks, V stock has climbed 22% , depicting strong investor sentiment. However, over the last month, the stock price has dropped by 7.7%. This decline is seen by Barclays not as a setback but as an opportunity, referring to it as a possible buying window instead of a cause for concern.
Currently, Visa is trading at 30 times future earnings and 17 times sales. Although these figures are significantly higher than industry standards, they do not reach the levels seen over the past five years, indicating potential for an increase towards historic norms.
The firm consistently rewards its shareholders with a stable annual dividend of $2.36, which equates to a yield of 0.7%. This consistency is highlighted by Visa’s most recent quarterly dividend of $0.59 per share, announced on April 29 and scheduled for distribution on June 2 to those recorded as shareholders by May 13, reaffirming their steadfast dedication to rewarding investors.
Visa Surpasses Q2 Earnings
On April 29, Visa announced its fiscal 2025 Q2 financials, demonstrating robust performance overall. The international payment firm posted revenues of $9.59 billion, marking a 9% growth compared to the previous year. beating Wall Street’s estimate amounting to $9.56 billion. This performance was driven by robust increases in payment volumes, international activities, and the number of completed transactions.
Visa’s international business operations were executed with determination. The volume of cross-border payments remained strong. expanded by 13% During the quarter, this two-figure growth wasn’t unprecedented for the firm, as they have sustained this pace over multiple quarters, primarily thanks to its increasing footprint in developing markets Where payment systems keep evolving.
The non-GAAP net income amounted to $5.4 billion, indicating a 6% increase compared to the previous year. The adjusted earnings per share (EPS) were reported at $2.76 per share, marking a 10% growth from the prior year and surpassing analysts' estimates of $2.68 as predicted by Street projections.
Visa additionally introduced a fresh update A $30 billion share repurchase program spanning multiple years The program pertains to its Class A common stock. This announcement signifies a significant capital return strategy and serves as a long-term indicator of trust in its core business strengths.
Looking ahead, analysts estimate Q3 2025 earnings per share expected at $2.84 , showing a 17.4% YoY growth. The earnings per share (EPS) for fiscal year 2025 are anticipated to hit $11.35, marking an increase of 12.9%. Projections for fiscal year 2026 suggest that the EPS will be $12.76, indicating another rise of 12.4%.
What Are Analysts Forecasting for Visa's Stock?
Barclays has kept its $396 price target on V stock unchanged, sustaining an "Overweight" rating that reflects their ongoing faith in the leading payment company.
Echoing this sentiment, Truist Securities has maintained its "Buy" recommendation for Visa along with setting a target price of $400. They have characterized the recent decline in the markets as excessive, underlining that stablecoins will probably not significantly impact the prevalence of credit and debit card transactions.
At the same time, street sentiment continues to be highly positive, with V stock receiving an overall "Strong Buy" recommendation. Among the 37 analysts covering Visa, 28 recommend a "Strong Buy," four prefer a "Moderate Buy" rating, and just five advise holding the stock.
The typical price objective of $386.31 for each share suggests an upward potential of 14%. In conclusion, the Street-high target of $425 indicates that the stock could rise by up to 25% from its present pricing.
Upon the release date, Aanchal Sugandh did not hold (directly or indirectly) any stakes in the securities mentioned within this article. This piece contains only informational content regarding such details. Please visit our Disclosure Policy section on the appstoreofficial.id website for further clarification. here .