Market Overview

UPDATE: Oppenheimer Raises PT to $170 on Visa Following Meeting with Management

Related V
Buckingham, Pacific Crest Favor Visa Over Mastercard
Dow Jones Industrial Leading The Way Higher
2024: The Year Your Smartphone Will be Able to Control Everything (Fox Business)

Oppenheimer reiterated its Outperform rating on Visa (NYSE: V) and raised its price target from $150 to $170.

Oppenheimer noted, "We recently marketed with Visa management. Notably, the new CEO has hit the ground running and the transition appears relatively seamless. V attributes much of its strong relative US credit growth to outsized spending by the affluent, and V's strong share of issuer's affluent portfolios. V's mobile strategy appears largely evolutionary and intended to further spur ecommerce, and maintain V's high share as mobile commerce evolves. Encouragingly, the US regulatory and legal climate appears stable."

Visa closed at $147.88 on Wednesday.

Posted-In: OppenheimerAnalyst Color Price Target Intraday Update Analyst Ratings

 

Most Popular

Related Articles (V)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters