Barclays Raised the Firm's PT on Visa Inc (V), Kept an Overweight Rating

Visa Inc. (NYSE:V) is one of the Good Stocks to Invest in Now. On June 30, Barclays analyst Ramsey El-Assal raised the firm’s price target on Visa Inc. (NYSE:V) from $396 to $408, while keeping an overweight rating on the stock.

The firm upgraded its financial model for the company following its fiscal third-quarter earnings. Visa Inc. (NYSE:V) grew its revenue by 14.29% to reach $10.17 billion, surpassing consensus by $324.97 million. Moreover, the EPS of $2.98 also exceeded expectations by $0.13. Management attributed this growth to strong consumer spending in both discretionary and non-discretionary categories in the United States. This growth was evident by an 8% year-over-year increase in payment volumes along with a 12% increase in cross-border volumes.

Visa Inc. (NYSE:V) is an international payment technology company that enables secure and fast money movement and commerce across more than 200 countries.

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