Mobile Payments Titan Visa Is Moving at A Faster Pace
Titan Visa is one of the easiest as well as biggest names in mobile payments. It has been in use for a long period of time and it was previously used for building one of the best user interface. A new report gotten from Mizuho spells out its expectation that the dominance of Visa will carry right on unabated. One of the major part of the news is that Mizuho does not expect the price target for Titan Visa shares to change. It is still projecting $162 per share, and provided that the current amount is $139.85 presently, it has been ranging around $140 for most of the day. This kind of target looks a bit ambitious, but only a little.
When this is followed up with recent fiscal year 2019 guidance from the company which suggest revenue growth in the low double digits, and the price of stock is increasing by 20 percent over current levels thereby making something sensible. Mizuho likewise notes that his believe is that the buy side was expecting Visa to only generate single-digit growth rates, this would make it a more attractive target. Mizuho likewise note a set of current trends which include growth in the US debit card market, the increase in cross-border transactions, the increase in the use of contactless payment systems as well as some surprising gains from Visa Europe to contribute.
All these can be considered as a little whistling in the dark. All that is required is a good recession and more than a few figure we are in line for one of those to show up at some point here so as to derail consumer spending and the clock Visa one right below the waterline. While the massive user base of Titan Visa will give it some insulation especially as measured against its competition, there is more tendency to be the least dirty shirt rather than being the actual leader in a big market. However, it is crucial to note the destabilizing factor of a Trump presidency; we have observed that this is business as usual, so it may have broader range of impact than most other ones.
So while Mizuho’s price target might be considered to be high, this can be considered as a statement of optimism for both Visa and for the wider economy. It may also be difficult to fault optimism especially whenever people keep their jobs while the economy carries on.