Visa

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our target price of $325, up $35, values shares at 28.3x our FY 25 (Sep.) EPS, discounted to V’s 5-year historical average of 31.9x, given the higher rate environment and moderately slower growth expectations. We decrease our FY 24 EPS estimate to $10.13 from $10.16 and lower FY 25’s to $11.49 from $11.61. Visa reported Dec-Q results, with net revenues of $8.63B (+9% Y/Y) and adj-EPS of $2.41, surpassing consensus estimates of $8.56B and adj-EPS of $2.34. Payment volume (+8%) slowed in the quarter as strength in Europe and LAC was met with weakness in the U.S. and Asia Pacific. Unfortunately, management highlighted that January is off to a rocky start in the U.S. (+4%), but we see this as a low water mark as severe weather […]

Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 17.36% Raymond James $287 → $311 Maintains Outperform 01/18/2024 0% Mizuho $243 → $265 Maintains Neutral 01/08/2024 13.21% Keybanc $275 → $300 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 15.09% UBS $295 → $305 Maintains Buy 12/12/2023 11.32% Jefferies $280 → $295 Maintains Buy 12/05/2023 5.66% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -8.3% Mizuho $240 → $243 Maintains Neutral 10/30/2023 4.91% Barclays $285 → $278 Maintains Overweight 10/25/2023 1.89% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 8.3% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -4.91% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 3.77% Keybanc $265 → $275 Maintains Overweight 10/13/2023 0.38% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 7.55% Barclays $287 → $285 Maintains Overweight 10/12/2023

Visa (V) reported fiscal Q1 non-GAAP earnings late Thursday of $2.41 per diluted share, up from $2.18 a year earlier. Analysts surveyed by Capital IQ expected $2.34. Revenue for the quarter ended Dec. 31 was $8.63 billion, up from $7.94 billion a year earlier. Analysts surveyed by Capital IQ expected $8.56 billion. The company said it expects EPS growth in the high teens for fiscal Q2 and in the low teens for fiscal full-year 2024. It expects net revenue growth in the upper mid to high single-digit for fiscal Q2 and low double-digit for the fiscal full year. The company kept its quarterly dividend at $0.52 a share, payable March 1 to shareholders of record on Feb. 9.

Wedbush Raises Visa’s Price Target to $280 From $270 After Above-Consensus Fiscal Q1 Results, Maintains Outperform Rating.

Visa Sees Q2 Net Revenue Growth Upper Mid To High Single-Digits, Sees FY24 Net Revenue Growth Low Double-Digit.

Visa Inc. (NYSE:V) shares are trading lower in Thursday’s after-hours session after the company reported its first-quarter financial results. Here’s an overview of the metrics which are moving the stock. What To Know: Visa reported quarterly earnings of $2.41 per share which beat the analyst consensus estimate of $2.34 by 2.99%. Revenue clocked in at $8.60 billion, surpassing the analyst expectations of $8.54 billion, a 8.37% increase over sales of $7.94 billion the same period last year. Payments volume increased 8% while total cross-border volume rose 16%, on a year-over-year basis. Additionally, cash, cash equivalents and investment securities were $21.4 billion as of Dec. 31. Visa also stated that it sees second-quarter net revenue growth in the upper mid to high single-digit range while full-year net revenue growth is expected to be in the low double-digit range. “Our 2024 fiscal year is off to a solid start. In our first quarter, net

The following is a summary of the Visa Inc. (V) Q1 2024 Earnings Call Transcript: Financial Performance: Visa reported an 8% YoY growth in payment volume during Q1 with U.S. and international payments volume growing 5% and 11% respectively. The overall processed transactions and net revenues also reflected a 9% growth. Cross-border volume, excluding intra-Europe, rose 16% YoY in constant dollars. Visa noticed a 20% increase in GAAP EPS and reported non-GAAP EPS as being up by 11%. The company bought back approximately $3.4 billion in stock and distributed over $1 billion in dividends to stockholders during the first quarter. No material changes to prior outlook for drivers, adjusted net revenues or EPS growth with net revenue growth and non-GAAP operating expense growth expected to be in the low double digits, and adjusted EPS growth in the low teens. Business Progress: Visa expanded its credentials by 6% and network tokens

Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 -0.57% Mizuho $243 → $265 Maintains Neutral 01/08/2024 12.56% Keybanc $275 → $300 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 14.44% UBS $295 → $305 Maintains Buy 12/12/2023 10.68% Jefferies $280 → $295 Maintains Buy 12/05/2023 5.06% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -8.83% Mizuho $240 → $243 Maintains Neutral 10/30/2023 4.31% Barclays $285 → $278 Maintains Overweight 10/25/2023 1.3% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 7.68% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -5.45% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 3.18% Keybanc $265 → $275 Maintains Overweight 10/13/2023 -0.2% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 6.93% Barclays $287 → $285 Maintains Overweight 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/09/2023

Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 15.56% Keybanc $275 → $300 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 17.49% UBS $295 → $305 Maintains Buy 12/12/2023 13.64% Jefferies $280 → $295 Maintains Buy 12/05/2023 7.86% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -6.39% Mizuho $240 → $243 Maintains Neutral 10/30/2023 7.09% Barclays $285 → $278 Maintains Overweight 10/25/2023 4.01% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 10.55% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -2.93% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 5.93% Keybanc $265 → $275 Maintains Overweight 10/13/2023 2.47% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 9.78% Barclays $287 → $285 Maintains Overweight 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/09/2023 12.87% JP Morgan $296 → $293 Maintains Overweight

Keybanc analyst Josh Beck maintains Visa (NYSE:V) with a Overweight and raises the price target from $275 to $300.

Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 17.22% UBS $295 → $305 Maintains Buy 12/12/2023 13.37% Jefferies $280 → $295 Maintains Buy 12/05/2023 7.61% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -6.61% Mizuho $240 → $243 Maintains Neutral 10/30/2023 6.84% Barclays $285 → $278 Maintains Overweight 10/25/2023 3.77% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 10.3% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -3.15% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 5.69% Keybanc $265 → $275 Maintains Overweight 10/13/2023 2.23% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 9.53% Barclays $287 → $285 Maintains Overweight 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/09/2023 12.61% JP Morgan $296 → $293 Maintains Overweight 09/14/2023 9.15% Baird → $284 Reiterates Outperform →

Visa to Acquire Majority Interest in Prosa to Accelerate Digital Payments Adoption in Mexico.