BUZZ-Street View: Wall Street sees growth vibes for Visa amid solid spending

Reuters02-01 00:56
BUZZ-Street View: Wall Street sees growth vibes for <a href="https://laohu8.com/S/V">Visa</a> amid solid spending

** World's largest payments processor Visa V.N reported better-than-expected quarterly profit and raised its annual forecasts on Thursday, thanks to robust spending during the holiday season

** Shares up ~1% after at least 14 brokerages raised PT after results

STRONG MOMENTUM HEADING INTO INVESTOR DAY

** RBC Capital Markets ("outperform," PT: $395) says robust earnings and increased annual forecasts set the backdrop for another strong year and momentum heading into V's investor day next month

** Jefferies ("buy," PT: $400) says V's story is cleaner than it's been at any point in the last year or so, given accelerating growth across most of the key drivers, coupled with what should be a more sanguine regulatory environment

** J.P. Morgan ("overweight," PT: $375) says the positive revision to FY 2025 revenue outlook should rekindle positive secular growth vibes for card companies including V

** Seaport Research Partners ("buy," PT: $380) says V is in the midst of a positive cycle, with next month's investor day expected to calibrate expectations around the firm's positive medium-term outlook

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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