Piper Jaffray Remains Bullish on Visa (V) Following 4Q Report

Piper Jaffray analyst, Jason Deleeuw reiterated an Overweight rating and $191.00 price target on Visa (NYSE: V) following the company's 4Q earnings report. Visa reported solid FY 4Q18 results and provided a strong FY 2019 guidance outlook driven by the ongoing secular growth of electronic payments and continued solid macro payment volume trends.

Revenue for the quarter was essentially in-line, while EPS of $1.21 beat consensus of $1.20 aided by slightly lower than expected client incentives and tax rate. Payment volume growth of 11% was in-line with the prior quarter, but would have modestly accelerated ex China.

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 $137.00 yesterday.

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