Credit Suisse analyst Moshe Orenbuch notes that Visa (V) announced it has signed an agreement to acquire Plaid, which partners extensively with fintechs. As such, the analyst views the acquisition of Plaid as "definitely a great selling point" Visa could use to make further progresses in winning more fintech partners, particularly if Visa could bundle Plaid services with its existing product suite. This would also solidify Visa's position in next-generation ecosystem by acquiring a top open-banking enabler in the U.S. that has already launched in Europe, he adds. Orenbuch believes this is Visa's "biggest deal yet in going after fintechs" after initially losing out to MasterCard (MA) in the period right after the acquisition of Visa Europe, when Visa was more focused in migrating Visa Europe to VisaNet. The analyst has an Outperform rating and $224 price target on Visa's shares.

Bernstein analyst Harshita Rawat raised the firm's price target on Visa to $310 from $304 and keeps an Outperform rating on the shares. The firm notes Visa delivered a strong Q2 and intact 2024 guidance. Going into the quarter, there were growing concerns regarding negative revisions due to multi-year low FX volatility and somewhat high volumes baked into the guide. The beat in the quarter and management commentary regarding the second half of the year may lead to consensus numbers going up modestly, Bernstein adds.

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Wedbush analyst Moshe Katri raised the firm's price target on Visa to $300 from $280 and keeps an Outperform rating on the shares. The firm notes Visa reported stronger than expected Q2/FY24 results, while reiterating FY24 guidance.

Citi raised the firm's price target on Visa to $321 from $314 and keeps a Buy rating on the shares. the company's March quarter results featured a top- and bottom-line beat and while the reiterated fiscal 2024 outlook implies lower second half of the year revenues, a modest step-up in growth remains embedded and the low double-digit exit rate bodes well for fiscal 2025, the analyst tells investors in a research note. The firm says the clarity on Visa's revenue trajectory and breadth of opportunity should support the multiple.