Aug. 24 at 8:11 PM
Visa shares rose sharply mid-session to
$381.65, reaching a new 52-week high, supported by institutional buying, analyst optimism and strong fundamentals. The stock’s intraday high of
$381.95 marked its highest level in a year, well above the previous close of
$371.04.
The rally follows Visa’s strong fiscal Q3 2026 results, with revenue up 14% year over year to
$11.6 billion and EPS of
$3.32 beating consensus estimates. The company subsequently raised its full-year outlook. Investor sentiment was further boosted after Pershing Square’s Bill Ackman disclosed an approximately
$1.1 billion stake in Visa.
Analysts at Truist, Cantor Fitzgerald and Wells Fargo have also raised their price targets, while the consensus remains bullish. Mastercard gained as well, pointing to broader strength across the payments sector. Meanwhile, the S&P 500 fell 0.3% and Nasdaq declined 0.6%, making Visa’s outperformance more notable.
$V