- The shares of Visa Inc (NYSE: V) have received a price target increase from $280 to $285 by Credit Suisse. These are the details.
The shares of Visa Inc (NYSE: V) have received a price target increase from $280 to $285 by Credit Suisse. And Credit Suisse analyst Moshe Orenbuch is maintaining an “Outperform” rating on the company shares. Orenbuch also increased the estimates on cross-border improvements in May.
Credit Suisse is not the only brokerage to recently increase the price target on Visa. Piper Sandler recently increased the price target on Visa from $234 to $260. And Piper Sandler analyst Christopher Donat upgraded Visa shares to an “Overweight” rating from the previous “Neutral” rating.
Donat had cited favorable U.S. travel trends and the stock’s valuation discount. And Donat believes that Visa will benefit more from a vaccine-driven U.S. recovery compared to Mastercard.
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