Mastercard warns of inflation pinch after solid quarter for card issuers
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/8/2026
- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
MasterCard (MA) PT Raised to $410 at Jefferies
July 29, 2022 8:17 AM EDTJefferies analyst Trevor Williams raised the price target on MasterCard (NYSE: MA) to $410.00 (from $400.00) while maintaining a Buy rating following results.
The analyst commented, "Key Takeaway Impressively straightforward 2Q, w/ an across-the-board rev beat on cross-border travel, faster int'l volume growth, strength... More
Analysts Positive On MasterCard (MA) Despite Earnings, Revenue Miss
July 28, 2022 1:08 PM EDTMasterCard (NYSE: MA) shares are down Thursday after it reported second-quarter earnings before the bell, missing analyst expectations.
MasterCard posted earnings of $2.34 per share, $0.01 worse than the analyst estimate of $2.35, and revenue of $5.5 billion versus the consensus estimate of $5.26 billion.
Following the report, analysts at Evercore ISI, RBC capital, JPMorgan, and Goldman Sachs provided commentary in notes to clients:
Evercore ISI maintained an Outperform rating and $430 price target on the stock, telling investors that MasterCard's revenue and earnings substantially exceeded their forecast. "Cross-border volume rose 58% on a local currency... More
