Visa Stock Is Down 11% Since March. Should Investors Buy the Dip?
Visa(V) The Motley Fool·2024-07-31 16:05
Several analysts lowered their price targets on Visa following its recent earnings announcement.Visa (V 0.57%) stock has been down over the last few months due to concerns about weakening consumer spending. The company's recent earnings results missed analysts' revenue estimates, coming in $200 million below expectations.In addition, the company saw a further deceleration in U.S. consumer spending in July, leading many analysts to lower their price targets in response. The stock has fallen by 11% since Marc ...