Visa Stock Soars 3% on Monday After Strong Quarterly Earnings

Visa Inc.'s stock price surged 3% during trading on Monday, reaching as high as $383.43 and last trading at $382.35.

The company traded a total of approximately 8,421,077 shares, an increase of 7% from the average daily volume of 7,906,784 shares.

Several analysts have recently issued reports on Visa, with Wolfe Research reissuing an 'outperform' rating and setting a $435.00 target price, while Oppenheimer reiterated an 'outperform' rating and issued a $403.00 target price.

Clear Str upgraded Visa to a 'strong-buy' rating, and Deutsche Bank Aktiengesellschaft reaffirmed a 'buy' rating with a $430.00 price objective.