Visa's (V) first investor day since 2020 increased confidence in the company's ability to sustain growth and supported prospects for durable compounding going forward, UBS said in a note to clients on Friday.

Visa provided further transparency on its core drivers like detailed sizing and growth numbers in its Value-Added Services segment, UBS said.

The company's investor day also led to "expectations for continued [total addressable market] expansion within carded transactions, non-carded transactions, and beyond payments," the note said.

Visa presented an "illustrative net revenue growth framework for the long-term, which shows the potential for total net revenue growth in the ~9-12% range," the investment firm said.

UBS has a buy rating on Visa and a $400 price target.

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