Visa price target raised to $363 from $331 at BofA

BofA raised the firm’s price target on Visa (V) to $363 from $331 and keeps a Neutral rating on the shares. Expectations were high following MasterCard’s (MA) “robust results” yesterday morning and Visa’s fiscal Q1 print “met the bar with a top/bottom line beat of similar magnitude,” the analyst tells investors. Visa also ticked up its constant currency FY25 guidance for both revenue and adjusted EPS growth, flowing through the Q1 upside and an updated tax rate assumption, notes the analyst, who cites incremental concerns about top-line growth, potential litigation and regulatory risk, and a “full valuation” for the firm’s Neutral rating.