Oppenheimer Believes Visa Inc (NYSE: V) Still Has Room to Grow

In a report released today, Glenn Greene from Oppenheimer maintained a Buy rating on Visa Inc (VResearch Report), with a price target of $176. The company’s shares closed yesterday at $160.23, close to its 52-week high of $161.10.

According to TipRanks.com, Greene is a top 25 analyst with an average return of 20.0% and a 85.6% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Total System Services.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Visa Inc with a $165.08 average price target, representing a 3.0% upside. In a report issued on April 5, Loop Capital Markets also maintained a Buy rating on the stock with a $157 price target.

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Based on Visa Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.51 billion and net profit of $2.87 billion. In comparison, last year the company earned revenue of $5.07 billion and had a net profit of $2.51 billion.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Last month, Tullier Kelly Mahon, the EVP & GC of V sold 91,046 shares for a total of $14,229,579.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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