Visa Inc. (NYSE:V) Sees Positive Outlook from Daiwa with a $370 Price Target

Core Insights - Visa Inc. is a global leader in digital payments, known for its credit and debit card services, and is expanding its digital offerings to adapt to the evolving financial landscape [1] Financial Performance - Visa reported a 15% year-over-year increase in net revenue, reaching $10.9 billion for the quarter ending December 31 [3][6] - The company's adjusted net income rose by 12% to $6.1 billion, with adjusted earnings per share climbing 15% to $3.17, surpassing Wall Street's expectations of $3.14 [4][6] Market Position - Visa's stock has experienced a positive change of $12.01, reflecting a 3.73% increase, with a market capitalization of approximately $643.66 billion [5] - The total number of transactions processed on Visa's network surged by 9% to 69.4 billion [3] International Operations - International operations have shown significant strength, with cross-border volumes increasing by 12% [4] Analyst Outlook - Daiwa set a price target of $370 for Visa, indicating a potential increase of 10.83% from its current trading price of $333.84, supported by Visa's recent performance [2][6]