Just saw Freedom Capital Markets upgraded Visa to Buy from Hold back in February. They're calling for around 30% upside from where it was trading, with analysts averaging a $408 target. That's pretty bullish if you ask me.

What caught my eye though is the fund activity. Over 5,900 institutions hold V positions, but ownership actually ticked down last quarter by about 1%. Some of the big index funds like Vanguard are still holding massive stakes - we're talking 54+ million shares in their total market fund alone. But interestingly, they trimmed their allocation weight despite increasing share count.

Geode Capital seems to be the outlier here, actually increasing their allocation slightly. Price T Rowe cut theirs pretty hard though, down 46%. Makes you wonder what the smart money is thinking. Revenue projections look solid at 2.88% growth, and the put/call ratio sitting at 0.88 suggests traders are leaning bullish. Worth keeping on the radar.