Visa Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Visa Inc. is anticipated to report higher earnings for Q2, with expectations of $2.44 per share, up from $2.09, and revenue of $8.62 billion. The company recently expanded its Visa Protect suite with AI solutions for fraud prevention. Analysts have updated their ratings, with price targets now ranging from $280 to $325.
April 23, 2024 | 9:47 am
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Visa Inc. expected to report increased Q2 earnings and revenue, with recent AI-powered fraud prevention solutions likely enhancing its market position. Analysts have raised price targets, indicating a positive outlook.
The anticipated increase in Q2 earnings and revenue for Visa, coupled with the expansion of its fraud prevention solutions, suggests a positive short-term impact on its stock price. The unanimous positive outlook from analysts, with raised price targets, further supports the expectation of stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100