Why Visa Stock Popped This Morning

Might a 2.4 PEG ratio be too much to pay for Visa stock?Shares of credit card giant Visa (V 0.91%) jumped more than 3% in early trading this morning after reporting (apparently) stronger than expected fiscal Q2 2024 earnings -- and much better than expected revenue.Heading into the quarter, analysts forecast Visa would earn $2.29 per share on $8.1 billion in revenue. In fact, Visa earned $2.51 per share on $8.8 billion in sales. Investors' enthusiasm for the news is, however, moderating as the day wears on. ...