In a report released yesterday, Dominick Gabriele from Oppenheimer assigned a Buy rating to Visa (V), with a price target of $245.00. The company’s shares closed last Tuesday at $208.86, close to its 52-week high of $220.39.
According to TipRanks.com, Gabriele is a 4-star analyst with an average return of 8.5% and a 55.6% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Synchrony Financial.
Visa has an analyst consensus of Strong Buy, with a price target consensus of $229.37, implying an 8.0% upside from current levels. In a report issued on January 6, Susquehanna also maintained a Buy rating on the stock with a $250.00 price target.
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Based on Visa’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.1 billion and net profit of $2.14 billion. In comparison, last year the company earned revenue of $6.14 billion and had a net profit of $3.03 billion.
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Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.
