5 Stocks Receiving Price Target Hikes After Earnings Beat

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1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) recently posted impressive financial results for its fiscal first quarter. The digital payment services provider reported adjusted earnings of $2.18 per share, up 21 percent over the year-ago period.

Revenue for the quarter also rose 12 percent versus last year to $7.9 billion. Analysts expected Visa Inc. (NYSE:V) to earn $2.01 per share on revenue of $7.7 billion.

Subsequently, Raymond James analyst John Davis lifted his price target for Visa Inc. (NYSE:V) from $261 per share to $281 per share on Friday, January 27, citing the company’s solid quarterly performance.

Speaking on the results, CEO Alfred F. Kelly, Jr., said in a statement:

“In our fiscal first quarter of 2023, Visa grew net revenues 12% year over year as we saw stable payments volume and processed transaction growth and continued cross-border travel recovery. We had 8% growth in GAAP EPS, 21% growth in non-GAAP EPS and returned $4 billion to shareholders.”

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