Susquehanna Believes Visa Inc (NYSE: V) Won’t Stop Here

By Carrie Williams

In a report released yesterday, James Friedman from Susquehanna reiterated a Buy rating on Visa Inc (NYSE: V), with a price target of $148. The company’s shares opened today at $114.75, close to its 52-week high of $114.92.

According to, Friedman is a 4-star analyst with an average return of 15.6% and a 81.3% success rate. Friedman covers the Technology sector, focusing on stocks such as Automatic Data Processing, DXC Technology Company, and Alliance Data Systems.

Currently, the analyst consensus on Visa Inc is Strong Buy and the average price target is $125.88, representing a 9.7% upside.

In a report issued on December 13, KeyBanc also reiterated a Buy rating on the stock with a $125 price target.

Based on Visa Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $4.86 billion and quarterly net profit of $2.07 billion. In comparison, last year the company earned revenue of $4.26 billion and had a net profit of $1.88 billion.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Tullier Kelly Mahon, the EVP & GC of V sold 49,702 shares for a total of $5,649,129.

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