Visa Inc Class A

V: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$876.00	Qybr	Zvygqldgr

Visa Delivers Strong Fiscal Second Quarter

Brett Horn

Apr 27, 2022

Visa delivered a strong second quarter, as the company continues to see some bounceback from its pandemic-related issues. We think the relatively quick recovery supports our wide moat rating and highlights the favorable long-term secular trend for Visa. While the decision to exit Russia will likely be a bit of an issue in the coming quarters, we think the company should be able to continue to achieve outsize growth in the near term as headwinds fall off. We will maintain our $221 fair value estimate.

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