Visa price target raised to $384 from $383 at Piper Sandler

Piper Sandler raised the firm’s price target on Visa (V) to $384 from $383 and keeps an Overweight rating on the shares. The firm notes Visa delivered Q2 ahead of expectations both across revenues and EPS, and reaffirmed FY25 CC guidance. Similar to what one heard from Paypal (PYPL), Visa acknowledged that there is “obviously more uncertainty today among consumers and businesses than there was several months ago.” However, management indicated that spending remains resilient/strong given healthy employment, wage growth and inflation moderation. With that said, the company will be ready to make changes to its investment and product roadmap/timeline if it sees customer weakness, Piper adds.