FTSE 100 LIVE: European markets dip as IMF warns against UK tax cuts
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
- IMF warns against UK tax cuts: IMF cautioned against further tax cuts in the UK, highlighting concerns about public finances and recommended reforms to raise money.
- FTSE and European markets decline: FTSE 100 and European markets dropped following Asian indices due to falling oil prices and a cautionary update from the IMF.
- Payment providers under scrutiny: The Payments Systems Regulator plans to crack down on merchant fees, citing insufficient competition and unjustified fee increases by companies like Visa and Mastercard.
- AstraZeneca's growth forecast: AstraZeneca expects significant revenue growth by 2030 with new medicines, boosting its oncology and biopharmaceuticals portfolio.
- Cryptocurrency surge and UK grocery prices: Cryptocurrencies are rising amid ETF rumors, while UK grocery price inflation is cooling, showing signs of returning to normal levels.
Analyst Views on V
Wall Street analysts forecast V stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for V is 406.59 USD with a low forecast of 330.00 USD and a high forecast of 450.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
23 Buy
2 Hold
0 Sell
Strong Buy
Current: 326.360
Low
330.00
Averages
406.59
High
450.00
Current: 326.360
Low
330.00
Averages
406.59
High
450.00
About V
Visa Inc. is a global payments technology company. It facilitates global commerce and money movement across more than 200 countries and territories among a global set of consumers, merchants, financial institutions and government entities through technologies. It operates through the Payment Services segment. It provides transaction processing services (primarily authorization, clearing and settlement) to its financial institution and merchant clients through VisaNet, its proprietary advanced transaction processing network. It offers a range of Visa-branded payment products that its clients, including nearly 14,500 financial institutions, use to develop and offer payment solutions or services, including credit, debit, prepaid and cash access programs for individual, business and government account holders. It also provides value-added services to its clients, including issuing solutions, acceptance solutions, risk and identity solutions, open banking solutions and advisory services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
