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Montaka touts Visa as undervalued despite weak 12-month performance
Visa closed at $353.42 on July 22, 2026, after a 52-week decline of 1.07%, according to Montaka Global Investments’ Q2 2026 investor letter.
Montaka Global Investments said it sees Visa Inc. as an overlooked, competitively advantaged business, highlighting the payments network company in its second-quarter 2026 investor letter. The firm said it focuses on concentrated, long-term holdings bought when prices are attractive, and noted it delivered positive returns in the June quarter but posted largely negative 12-month performance due to declines in the March quarter. It attributed the market environment to short-term bottleneck trades that gained popularity, calling the period a “SaaSpocalypse,” while saying the underlying businesses were performing well.
In its discussion of Visa, Montaka described the company as a multinational financial services firm that offers credit, debit, and prepaid card products and other services through its payments technology network. Montaka said it expects growth to continue, supported by value-added services attached to payment networks, including areas it linked to stablecoins, agentic commerce, and fraud detection, as well as other data services.
Montaka also argued that current Visa pricing does not match its outlook, saying the stock prices it referenced appear to imply revenue growth of around 4% per year, below what the firm expects to materialize. In the update, Montaka cited Visa’s July 22, 2026 close at $353.42 per share, a one-month return of 5.95%, and a 1.07% loss over the past 52 weeks.