On October 10, Visa rose 3.03% in regular trading, trading at $386.455 per share, with turnover of $1.575 billion.
The movement follows a wave of analyst target price increases, with Baird raising its target from $420 to $430 and Autonomous Research adjusting its target from $443 to $441 while maintaining an outperform rating.
On the fundamental side, Visa's stablecoin-linked card programs have seen payment volume grow nearly 200% year-over-year, with over 160 programs live globally and annualized stablecoin settlement volume surpassing $20 billion, up more than 15-fold from a year earlier.
Visa also recently expanded into onchain corporate lending, providing working capital to payment companies through its VisaNet settlement data combined with blockchain-based lending infrastructure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)