These Analysts Lower Their Forecasts On Mastercard After Q3 Earnings
Benzinga
Published Oct 27, 2023 18:39
Updated Oct 27, 2023 19:40
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 2022 | Morgan Stanley | Maintains | Overweight | |
| Jan 2022 | Raymond James | Maintains | Outperform | |
| Jan 2022 | Raymond James | Maintains | Outperform |
View the Latest Analyst Ratings
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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