Bernstein Sticks to Their Buy Rating for Visa (V)

Bernstein analyst Harshita Rawat maintained a Buy rating on Visa (V – Research Report) yesterday and set a price target of $304.00. The company’s shares closed yesterday at $272.69.

According to TipRanks, Rawat is a 4-star analyst with an average return of 18.5% and a 69.05% success rate. Rawat covers the Technology sector, focusing on stocks such as Block, Fiserv, and Fidelity National Info.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Visa with a $309.96 average price target, which is a 13.67% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $319.00 price target.

Based on Visa’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.63 billion and a net profit of $4.89 billion. In comparison, last year the company earned a revenue of $7.94 billion and had a net profit of $4.18 billion

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of V in relation to earlier this year.

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Visa (V) Company Description:

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.