Visa Inc (NYSE:V) shares tanked in early trading on Wednesday, after the company reported its fiscal third-quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

Piper Sandler On Visa

Analyst Arvind Ramnani maintained an Overweight rating while cutting the price target from $322 to $319.

Visa reported quarterly revenues at $8.9 billion, slightly missing the Street expectations, while non-GAAP earnings of $2.42 per share surpassed expectations, Ramnani said.

"Service and Other revenue both exceeded Street expectations, while International Transaction and Data Processing revenue lagged slightly below modeled estimates," the analyst stated. "We are encouraged by momentum within Value-Added Services and expect VAS to continue to be a growth driver," he further wrote.

BofA Securities On Visa

Analyst Jason Kupferberg reiterated a Neutral rating while reducing the price target from $297 to $279.

Visa’s quarterly results were "worse than expected," which could continue exerting pressure on the stock, Kupferberg said.

"The quarter could also spark louder debates about the growth outlook for V’s core business, which we estimate slowed to ~3% in F3Q," the analyst wrote. The company's core business appears "somewhat soft," with weakness in lower-income US cohorts and a further deceleration in APAC, he added.

Goldman Sachs On Visa

Analyst Will Nance reaffirmed a Buy rating while cutting the price target from $334 to $317.

Visa recorded weaker volumes in the quarter, "particularly in APAC, driven by softer macro trends," Nance said. "This was largely offset by below-the-line items, driving in-line EPS," he added.

Although management reiterated the full-year guidance, they sounded "incrementally more cautious on the macro environment, with incremental weakness in the U.S. low end consumer adding to continued softness in Asia," the analyst wrote. There is a sequential decline in July spending trends, he further stated.

Check out other analyst stock ratings.

JPMorgan On Visa

Analyst Tien-tsin Huang maintained an Overweight rating while cutting the price target from $300 to $290.

Visa reported 10% revenue growth for the second consecutive quarter, with upside being driven by "incentives and acceleration in new flows despite slightly weaker volume primarily out of Asia," Huang said. Management reiterated the guidance, "implying modest acceleration for F4Q, which we view as a victory for the stock considering perception of building headwinds," he added.

"Consistent with our expectations, Visa framed consumer health as generally stable while acknowledging some softness among lower-end consumers and macro pressures in mainland China," the analyst further wrote.

KeyBanc Capital Markets On Visa

Analyst Alex Markgraf reiterated an Overweight rating and price target of $300.

Visa's payments volume rose by 7% year-on-year, while cross-border volumes climbed 14%, Markgraf said.

“Through the first three weeks of July, U.S. payment volumes have risen by 4% year-on-year, with debit up 4% and credit 3%, primarily due to "a combination of factors such as weather, Prime Day timing and the CrowdStrike / Windows outage," the analyst stated.

BMO Capital Markets On Visa

Analyst Rufus Hone reaffirmed an Outperform rating and price target of $300.

Despite an in-line quarterly performance and broadly unchanged full-year guidance, "Investors will likely remain cautious on V near term given the slight deceleration QoQ across payment volume, transactions and cross-border volumes," Hone wrote in a note.

While Visa continues to generate around 10% revenue growth, driven by strong trends in Value-Added Services and accelerating New Flows growth, "investors worry about the sustainability of double-digit top-line growth in FY25," he added.

RBC Capital Markets On Visa

Analyst Daniel Perlin maintained an Outperform rating and price target of $315.

Visa's full-year guidance indicates "high single-digit to low double-digit net revenue growth on a nominal-dollar basis, while on an adjusted constant-dollar basis, net revenue growth is expected to be in the low-double digits," Perlin said.

For the fiscal fourth quarter, the company guided to "low double-digit adj. constant-dollar net revenue growth, high single-digit operating expense growth, and adj. EPS growth in the high end of low double-digits," he added.

V Price Action: Shares of Visa had declined by 3.96% to $254.30 at the time of publication on Wednesday.

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