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Visa Expands Stablecoin and AI Payments Push After Strong Quarter

The company says new digital rails can match card economics.

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Morgan Stanley set a $415 price target on Visa Inc. by applying a 27x P/E multiple to its CY27 adjusted EPS estimate of $15.37.
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Overview

  • Visa reported fiscal Q2 net revenue of $11.2 billion, up 17% year over year, and raised its full‑year guidance.
  • The network now runs more than 160 stablecoin‑linked card programs, with spending up about 200% and a $7 billion annual settlement run rate.
  • Visa launched Intelligent Commerce Connect to let AI agents make authenticated card payments, and it introduced a Visa CLI tool for developer purchases.
  • It added five blockchains for settlement to reach nine supported networks, and it assumed governance roles as a validator on Tempo and a super validator on Canto.
  • CEO Ryan McInerney said stablecoin and agent‑driven payments should produce card‑like unit economics, and Morgan Stanley raised its price target to $415 citing the strategy and faster growth in Value‑Added Services.