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These Analysts Lower Their Forecasts On Mastercard After Q3 Earnings

Published 27/10/2023, 18:39
Updated 27/10/2023, 19:40
© Reuters.  These Analysts Lower Their Forecasts On Mastercard After Q3 Earnings

Benzinga - by Lisa Levin, Benzinga Editor.

Mastercard Inc (NYSE: MA) reported better-than-expected earnings for its third quarter.

Net revenues stood at $6.53 billion, up 14% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.52 billion. Adjusted EPS rose 26% Y/Y to $3.39, exceeding the consensus of $3.21.

Mastercard shares slipped 0.01% to trade at $364.58 on Friday.

These analysts made changes to their price targets on Mastercard following earnings announcement.

  • Keybanc cut the price target on Mastercard from $440 to $430. Keybanc analyst Alex Markgraff maintained an Overweight rating.
  • Raymond James slashed the price target on Mastercard from $453 to $452. Raymond James analyst John Davis maintained an Outperform rating.
  • Morgan Stanley lowered the price target on Mastercard from $443 to $439. Morgan Stanley analyst James Faucette maintained an Overweight rating.
  • BMO Capital cut the price target on Mastercard from $488 to $472. BMO Capital analyst James Fotheringham maintained an Outperform rating.
  • RBC Capital cut the price target on Mastercard from $441 to $432. RBC Capital analyst Daniel Perlin maintained an Outperform rating.

Latest Ratings for MA

Jan 2022Morgan StanleyMaintainsOverweight
Jan 2022Raymond JamesMaintainsOutperform
Jan 2022Raymond JamesMaintainsOutperform

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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