Total Visa (NYSE:V) Cards In Circulation has risen from around 3.4 billion in 2019 to about 3.5 billion in 2020. Trefis expects the metric to rise to around 3.65 billion in 2021 and around 3.87 billion in 2022.
We expect growth to be driven by Visa’s market-leading position in the card market and growth in emerging markets.
We think Visa stock is undervalued. We value Visa at about $279 per share, about 33% ahead of the current market price.
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