Top Wall Street Forecasters Revamp Visa Expectations Ahead Of Q2 Earnings

Core Insights - Visa Inc. is set to release its second-quarter earnings results on April 29, with analysts expecting earnings of $2.68 per share, an increase from $2.51 per share in the same period last year [1] - The company is projected to report quarterly revenue of $9.55 billion, up from $8.78 billion a year earlier [1] Group 1: Earnings Expectations - Analysts anticipate Visa's quarterly earnings to rise to $2.68 per share from $2.51 per share year-over-year [1] - Revenue expectations for the quarter are set at $9.55 billion, reflecting a significant increase from the previous year's $8.78 billion [1] Group 2: Strategic Moves - Visa has proposed a $100 million payment to Apple Inc. to secure the Apple Card network, indicating competitive dynamics in the payment network sector [2] - Visa shares experienced a 0.7% increase, closing at $337.51 on Monday [2] Group 3: Analyst Ratings - Barclays analyst Ramsey El-Assal has an Overweight rating with a price target raised from $361 to $396 [8] - BMO Capital analyst Rufus Hone maintains an Outperform rating, increasing the price target from $350 to $370 [8] - Mizuho analyst Dan Dolev holds a Neutral rating, boosting the price target from $304 to $359 [8] - JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating with a price target increase from $340 to $375 [8] - Goldman Sachs analyst Matthew O'Neill has a Buy rating, raising the price target from $346 to $384 [8]