Goldman Sachs Lifts Price Target on Visa (V) to $125 Following Strong Q1
Tweet
Share
E-mailGet Alerts V Hot Sheet
Price: $371.04 +1.45%
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Earlier, Goldman Sachs raised its price target on Conviction Buy-list rated Visa (NYSE: V) from $114 to $125 following strong Q1 results.
The firm raised FY2012-FY2014 EPS to reflect higher revenues. For FY12 the firm now forecast EPS of $5.95 (+19% yoy) on revenue growth of 10.1%. For FY13 they now forecast EPS of $7.17 (+20.6% yoy) on revenue growth of 12.4%. For FY14 they now forecast EPS of $8.25 (+15.1% yoy) on revenue growth of 11.0%.
"We reiterate our CL Buy on V shares and move forward with increased confidence that its globally diversified offerings across credit and debit products, online and offline channels, and emerging payments, are powering substantial growth opportunities that should help buffer the final impact of recent debit reform," the analyst said.
For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.
Shares of Visa closed at $108.35 yesterday.
The firm raised FY2012-FY2014 EPS to reflect higher revenues. For FY12 the firm now forecast EPS of $5.95 (+19% yoy) on revenue growth of 10.1%. For FY13 they now forecast EPS of $7.17 (+20.6% yoy) on revenue growth of 12.4%. For FY14 they now forecast EPS of $8.25 (+15.1% yoy) on revenue growth of 11.0%.
"We reiterate our CL Buy on V shares and move forward with increased confidence that its globally diversified offerings across credit and debit products, online and offline channels, and emerging payments, are powering substantial growth opportunities that should help buffer the final impact of recent debit reform," the analyst said.
For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.
Shares of Visa closed at $108.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Deere (DE) PT Raised to $585 at JPMorgan
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Goldman Sachs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
