JEME Capital is proud to present our Equity Research on Visa, the world’s leading digital payments company and a foundation of the cashless world.

Our report focuses on the major investment themes:
-Duopolistic Market Structure alongside Mastercard, with powerful network effects and strong entry barriers
-High-Margin Business Model, with EBITDA margin above 60% and strong free cash flow conversion
-Cross-Border & International Transactions as a structural growth driver, fueled by global mobility and e-commerce growth
-Value-Added Services & AI-powered fraud protection, propelling Visa from a pure payment infrastructure to a data and security partner
-Target Price of $378.53, reflecting a 17.9% upside, underpinning a BUY rating

Despite recent market volatility driven by regulatory worries and political statements, we think that the market could be factoring in too pessimistic a view of Visa’s long-term growth outlook. Learn more about how Visa is further solidifying its world leadership position while adapting to tokenization, instant payments, and new digital flows.

Read the full report below!