RBC Capital Remains a Buy on Visa (V)

In a report released yesterday, Daniel Perlin from RBC Capital maintained a Buy rating on Visa (V – Research Report), with a price target of $315.00. The company’s shares closed yesterday at $274.11.

According to TipRanks, Perlin is a 3-star analyst with an average return of 2.1% and a 47.71% success rate. Perlin covers the Technology sector, focusing on stocks such as Accenture, Fiserv, and NCR Voyix.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Visa with a $311.04 average price target, representing a 13.47% upside. In a report released today, Barclays also assigned a Buy rating to the stock with a $319.00 price target.

The company has a one-year high of $290.96 and a one-year low of $214.87. Currently, Visa has an average volume of 6.01M.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.