Visa Q3 Earnings Edge Past Analyst Expectations
Visa's third-quarter performance delivered a modest upside surprise, with earnings per share of $2.98 narrowly exceeding the $2.97 consensus. Revenue reached $10.70 billion against expectations of $10.61 billion, demonstrating the payment network's resilient transaction volumes amid evolving digital payment trends.
Wall Street maintains strong conviction in the stock, with 21 of 25 analysts rating it a Buy. The $399.05 average price target suggests nearly 15% potential upside, though cryptocurrency investors note traditional payment processors face mounting competition from blockchain-based alternatives.