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RBC Capital Sticks to Their Buy Rating for Visa (V)

Tipranks - Fri Feb 27, 7:48PM CST

RBC Capital analyst Daniel Perlin maintained a Buy rating on Visa on February 25 and set a price target of $395.00. The company’s shares closed yesterday at $312.99.

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According to TipRanks, Perlin is an analyst with an average return of -12.4% and a 32.39% success rate. Perlin covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Affirm Holdings, and Flywire.

Currently, the analyst consensus on Visa is a Strong Buy with an average price target of $400.64, a 28.00% upside from current levels. In a report released on February 24, Bernstein also maintained a Buy rating on the stock with a $450.00 price target.

Based on Visa’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.9 billion and a net profit of $5.85 billion. In comparison, last year the company earned a revenue of $9.51 billion and had a net profit of $5.12 billion

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