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Visa Faces Continued Softer Macro Trends: These 7 Analysts Dive Into Q3 Results

Benzinga ·  00:23

Visa Inc(NYSE:V) shares tanked in early trading on Wednesday, after the company reported its fiscal third-quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

Piper Sandler On Visa

AnalystArvind Ramnanimaintained an Overweight rating while cutting the price target from $322 to $319.

Visa reported quarterly revenues at $8.9 billion, slightly missing the Street expectations, while non-GAAP earnings of $2.42 per share surpassed expectations, Ramnani said.

"Service and Other revenue both exceeded Street expectations, while International Transaction and Data Processing revenue lagged slightly below modeled estimates," the analyst stated. "We are encouraged...

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