11:04 AM EDT, 10/29/2025 (MT Newswires) -- Visa's (V) financial outlook for fiscal 2026 is supported by strong core business trends, healthy spending, and steady cross-border growth, Morgan Stanley said Wednesday in a report.

The firm noted that Visa's fiscal 2026 outlook for low double-digit revenue and earnings per share growth is in line with consensus and consistent with its history of conservative guidance that it often surpasses.

Morgan Stanley highlighted Visa's US payment volume growth of 7.6% in fiscal Q4, driven by broad-based spending strength and steady cross-border volumes led by e-commerce and travel.

According to the report, Value-Added Services were cited as a major growth driver, rising 25% year over year and now accounting for nearly one-third of total revenue, bolstering confidence in Visa's long-term growth outlook.

Morgan Stanley maintained an overweight rating on the stock and lowered its price target to $398 from $402.

Shares of the company were down 0.6% in recent trading.

Price: 345.26, Change: -1.64, Percent Change: -0.47