Visa price target raised to $300 from $290 at Macquarie

Macquarie raised the firm’s price target on Visa to $300 from $290 and keeps an Outperform rating on the shares as the firm rolls forward its valuation basis to FY25 following the company’s “beats across key metrics” in fiscal Q2. Visa “delivered another solid result, beating expectations” and while Asia coming in weaker than expected and U.S. volume growth remaining fairly moderate were “the two things we did not like,” the firm adds that innovation and operating efficiency “continue to impress.”