Wells Fargo Maintains Buy Rating on Visa with $432 Price Target
Analyst Jason Kupferberg of Wells Fargo has maintained a 'Buy' rating on Visa (V) and set a price target of $432.00. This recommendation comes after the company reported quarterly revenue of $11.63 billion and net profit of $5.63 billion for the quarter ending June 30.
Kupferberg's analysis is based on his sector expertise, which includes Accenture, Cognizant, and Paychex. However, it is worth noting that his average return on recommended stocks has been -8.1% with a success rate of 45.60%, according to TipRanks.
Recently, Visa's corporate insider activity shows a negative sentiment, with an increase in insiders selling their shares over the past quarter. Last month, Rajat Taneja, the PRESIDENT, TECHNOLOGY of V, sold 17,927 shares for $6,650,737.73.