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3 October 2022 | Other

Visa demand trends are positive

Visa Inc

Morgan Stanley analysts say that Visa has an overweight rating and has set a target price of $291.

According to analysts, the volume of cross-border travel by Visa in August reached 115% compared to 2019, when this volume was 94%. "Cross-border travel volume supported by recovery of US and Asia-Pacific travel corridors."

“We are encouraged by Hong Kong's announcement of easing quarantine rules at hotels for travelers, as well as Japan's announcement of their reopening of borders for individual travelers. The data we tracked shows a clear acceleration in tourist flow after the lifting of border restrictions ” the analysts concluded.



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