RBC Capital Keeps Faith in Visa, Targets $466

RBC Capital analyst Daniel Perlin maintains a Buy rating on Visa (V) with a price target of $466.00, citing the company's strong financial performance.

In a report released on September 28, Perlin highlighted Visa's quarterly revenue and net profit for the period ending June 30, which reached $11.63 billion and $5.63 billion respectively.

This represents an increase from last year's quarterly revenue of $10.17 billion and net profit of $5.27 billion.

Perlin has a history of recommending Technology sector stocks, including Broadridge Financial Solutions, Lightspeed POS Inc, and NCR Voyix, with a 39.96% success rate on his recommendations.