TD Cowen analyst Bryan Bergin reiterated a Buy rating on Visa (V – Research Report) yesterday and set a price target of $380.00.
Bryan Bergin has given his Buy rating due to a combination of factors including Visa’s strong second-quarter performance, characterized by robust net revenue growth and healthy core payments performance. The company has demonstrated consumer resilience and has provided a solid outlook for the third quarter, affirming its fiscal year 2025 guidance despite market uncertainties.
Visa’s diversification and durability are key strengths that make it an attractive investment. The company’s investment in innovation has led to increased diversification, with a growing mix of Value-Added Services (VAS) and Commercial Services (CMS) offerings. This diversification, along with a rising mix of non-transaction-linked revenues and expanded geographic reach, provides Visa with insulating attributes against macroeconomic concerns. As a result, Bryan Bergin reiterates a Buy rating with a price target of $380.
Bergin covers the Technology sector, focusing on stocks such as Cognizant, Accenture, and Epam Systems. According to TipRanks, Bergin has an average return of 2.3% and a 47.26% success rate on recommended stocks.
In another report released on April 17, Susquehanna also maintained a Buy rating on the stock with a $410.00 price target.