Visa (VISA) managed to beat industry expectations for its second fiscal quarterly earnings, causing the stock price to shoot up by 2.37% on Wednesday.

Now trading at $261.60 a share, Visa’s stock is up to where it was about a month ago. The company had a rough March, but its recent earnings report is lifting the company’s hopes and setting the stage for a good third quarter.

Visa accredits its positive earnings to resilient customer spending. Saying that its customers continued to spend heavily and buoy the company even during a high inflation period when many other companies are hurting from low sales and a loss of customers.

Visa’s interest rates have remained higher for longer than for much of its history, and yet its customers continue to stick with the company and spend regularly. The major purchases that helped keep the company strong over the last quarter have been durable goods purchases and international travel.

Is Visa a Good Buy Right Now?

Even though Visa is up at the moment and its stock price looks to be climbing further this week, it may not be a great investment for the long term.

Watch Visa’s recent dip through the month of March and you can see that there is some serious risk involved. The company’s stock price is actually lower than it was in the middle of March. Investors cannot expect Via to go even higher than its current price by the time the next quarterly earnings report is released.

The stock is a bit higher than it was at the beginning of the year, though, where it started off at $258. The stock has gained 1.16%. That is far lower than a great deal of other stocks on the market, making Visa a questionable investment. For long or short term gains, it looks like tech stocks might be a better choice right now.

Visa has proven it can retain its levels but not that it can surge high and stay high this year. Watch it closely, however, to see if there is a repeat of what it did in mid-March, where the stock gained 4.31% in a few days.