Visa Analysts Lift Price Targets As Shares Slide Following Q3 Earnings Beat
Portfolio Pulse from Adam Eckert
Visa Inc's shares are trading lower despite beating Q3 earnings estimates. The company reported revenues of $8.12 billion, up 12% YoY, and EPS of $2.16, up 25%. Payments volume, cross-border volume, and processed transactions also saw growth. Several analysts raised their price targets for Visa following the results. However, the company's shares were down 0.81% at the time of publication.
July 26, 2023 | 2:52 pm
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Visa's Q3 earnings beat estimates, with significant growth in revenues and EPS. Despite this, shares are trading lower. Analysts have raised their price targets, indicating a positive outlook.
Despite Visa's strong Q3 results, its shares are trading lower, which may be due to market volatility or other factors not mentioned in the article. However, the raised price targets by analysts suggest a positive future outlook, which could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100