Optimism Surrounds Visa’s 1Q Growth Trends

Analysts at Robert W Baird maintain their "outperform" rating on Visa (NYSE: V).

According to Robert W Baird, JPM’s yoy sales volume was ahead of the estimates in Q1. “We are encouraged by the accelerating sales volume at JPM, as it is consistent with other industry datapoints which point to accelerating trends through Q1. We have increased confidence in our Q1 estimates for MA/V,” the analysts say.

“We continue to recommend Visa, given strong long-term growth prospects. (20%+ EPS growth on mid-teens organic revenue growth). We think Visa is set up well near-term, given strength in debit and several datapoints suggesting that yoy growth trends have accelerated through Q1,” Robert W Baird adds.

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