Truist Slashes PT on Visa Inc. (V) to $392 From $397, Keeps a Buy Rating

Visa Inc. (NYSE:V) is one of the top most profitable NYSE stocks to buy now. Truist analyst Matthew Coad lowered the firm’s price target on Visa Inc. (NYSE:V) to $392 from $397 on August 4, keeping a Buy rating on the shares.

The rating update came after the company reported its fiscal Q3 results, with net revenue for the quarter reaching $10.2 billion and reflecting a growth of 14% on a nominal and constant-dollar basis.

The analyst told investors in a research note that the firm is slashing its FY26 and FY27 EPS estimates by less than 1% to take into account several factors, including higher personnel costs, increased growth in client incentives, and slower travel-related cross-border volume growth.

Visa Inc. (NYSE:V) provides digital payment services. It offers credit cards, debit cards, prepaid products, global automated teller machines, and commercial payment solutions.

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Disclosure: None. This article is originally published at Insider Monkey.