The IBD Stock Screener is a handy tool to identify stocks that have strong IBD ratings, fundamentals and strong price action. Digital payments stock Visa earns top scores on all these parameters.
The Dow Jones component posted earnings growth of 19% to 33% over the past four quarters. Sales growth ranged from 19% to 25%. But that is not the only reason the digital payments company has taken a top spot in the IBD Stock Screener.
Visa also got an analyst upgrade on Monday. KeyBanc upgraded the stock to overweight with a new price target of 210, up from 187. Shares Monday are adding to Friday's gains.
They rebounded from their 50-day moving average last week and are rising past the 220.08 buy point of a handle in a long pattern.
Sales And Earnings Growth For Digital Payments Stock
Visa facilitates digital payments between individuals, merchants, businesses and governments across more than 200 countries. The stock has a robust Composite Rating of 91 while its Relative Strength Rating of 83 is at a 52-week high.
Results for the December-ended quarter are due on Jan. 26. Visa's EPS Rating of 93 also indicates the strong annual earnings growth that the stock boasts.
More funds have been buying the digital payments stock over the past five quarters, according to IBD MarketSmith.
That has earned Visa a near-ideal Accumulation/Distribution Rating of A-. Among ETFs, the iShares U.S. Financial Services ETF and the SPDR S&P 500 ETF hold shares of Visa.
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