Visa (V) reported a "solid" fiscal Q2, buoyed by operating margin expansion and "resilient" consumer spending, Oppenheimer said in a note emailed Wednesday.
Visa on Tuesday posted fiscal Q2 earnings that topped expectations.
The company posted fiscal Q2 non-GAAP net income of $2.76 per diluted share on revenue of $9.59 billion for the quarter ended March 31.
Analysts polled by FactSet expected $2.68 on revenue of $9.55 billion.
Oppenheimer said the company's fiscal Q2 earnings came in $0.03 above its forecast when adjusting for differences in other income and tax rate.
"We believe Visa remains well-positioned to gain market share in the multi-year runway to convert paper-based payments to card," Oppenheimer said.
The firm added that the company "remains a top 2025 idea for us."
The firm has an outperform rating on the stock with a $390 price target.
Price: 341.39, Change: -0.13, Percent Change: -0.04
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