Shares of Visa (V) slipped -0.56% to $307.24 in the afternoon trade on Thursday, marking a seventh straight session of losses.
The slide comes amid broader market weakness as escalating Middle East tensions and rising oil prices fueled concerns about consumer spending and travel demand.
Shares have declined about 3.6% between March 4 and March 11, compared with a roughly 1.4% drop in the S&P 500 over the same period, while peer Mastercard (MA) has fallen around 4.2% during that stretch.
According to Seeking Alpha’s Quant Rating system, Visa is rated a Hold, with a score of 3.37 out of 5, receiving an A+ for profitability, but an F in terms of valuation.
However, on the Wall Street analysts are bullish, with 36 of 39 analysts rate the stock with a Buy or higher, and three recommending a Hold.
A Seeking Alpha analysis said both Visa and Mastercard continue to benefit from structural tailwinds including the global shift toward electronic payments, e-commerce growth and cross-border spending, even as broader economic slowdowns or weaker consumer activity could weigh on transaction volumes.
The note added that the companies operate highly scalable networks that profit from payment growth without taking on lending exposure, noting that “they collect a fee for facilitating the transaction, but they do not hold the credit risk. That risk remains on the balance sheet of the issuing bank.”
Shares have fallen around 5.6% in the past month and have slipped approximately 12% year-to-date.