What's Going On With Visa's Stock After Earnings?

Visa, Inc. V shares are trading lower Wednesday after the company posted a slight revenue miss for the third quarter. 

The Details:

Visa reported its third-quarter results after Tuesday's closing bell with earnings of $2.42 per share on revenue of $8.9 billion, slightly below the consensus estimate of $8.92 billion. The company said payments volume increased 7%, cross-border volume increased 14% and processed transactions increased 10% in the third quarter. 

On the earnings call, Visa's CFO Chris Suh said the company saw "slight moderation" in the lower spend consumer segment during the quarter, while growth in the high spend consumer segment was stable. 

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These analysts cut price targets on Visa following the print: 

• Piper Sandler maintained Visa with an Overweight rating and lowered the price target from $322 to $319.
• Morgan Stanley analyst James Faucette maintained the stock with an Overweight rating, while cutting the price target from $326 to $322.

According to data from Benzinga Pro, Visa shares are down 6.5% over the past five days and are trading below the stock’s 50-day moving average of $271.95.

Is Visa A Good Stock To Buy?

Wall Street analysts view Visa on the whole as a Outperform, given the history of coverage over the past three months. Dan Dolev from Mizuho in Visa is the most optimistic, expecting a 3.77% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Visa fell 3.72%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 9.57% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.

V Price Action: According to Benzinga Pro, Visa shares are down 3.67% at $255.06 at the time of publication Wednesday.

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