William Blair Comments on MasterCard (MA)
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MasterCard (MA) PT Lowered to $532 at TD Cowen
May 2, 2024 2:04 PM EDTTD Cowen analyst Bryan Bergin lowered the price target on MasterCard (NYSE: MA) to $532.00 (from $545.00) while maintaining a Buy rating.
The analyst commented, "MA posted an in-line 1Q print with slight decel in April that drove 2Q guide slightly below estimates. FY24... More
MasterCard (MA) PT Lowered to $524 at Morgan Stanley
May 2, 2024 8:52 AM EDTMorgan Stanley analyst James Faucette lowered the price target on MasterCard (NYSE: MA) to $524.00 (from $536.00) while maintaining a Overweight rating.... More
MasterCard (MA) PT Lowered to $478 at Mizuho
May 2, 2024 6:45 AM EDT(Updated - May 2, 2024 8:09 AM EDT)
Mizuho analyst Dan Dolev lowered the price target on MasterCard (NYSE: MA) to $478.00 (from $480.00) while maintaining a Buy rating.
The analyst commented: "Mastercard also updated 2024 guidance. However, we are slightly lowering our estimates following... More
MasterCard (MA) PT Raised to $500 at RBC Capital
May 2, 2024 6:13 AM EDT(Updated - May 2, 2024 6:49 AM EDT)
RBC Capital analyst Daniel Perlin raised the price target on MasterCard (NYSE: MA) to $500.00 (from $499.00) while maintaining a Outperform rating.
The analyst comments "Mastercard reported modest upside to 1Q24 results, with net revenue and adj. EPS... More
MasterCard (MA) PT Lowered to $540 at Evercore ISI, Maintains Top Pick
May 1, 2024 4:41 PM EDTEvercore ISI analyst David Togut lowered the price target on MasterCard (NYSE: MA) to $540.00 (from $545.00) while maintaining a Outperform rating.
The analyst comments "Following the 1Q24 earnings call, trimming our 2024-2026 EPS estimates primarily on FX headwinds. For 2024, MA maintained their FX neutral... More
Mastercard (MA) shares slide on Q1 revenue miss, updated guidance
May 1, 2024 8:24 AM EDT(Updated - May 1, 2024 12:22 PM EDT)
Mastercard (NYSE: MA) shares opened lower Wednesday following the companys print for the fiscal Q1, where it reported worse-than-expected revenue and operating margin.
The payments processing giant posted Q1 earnings per share (EPS) of $3.31, ahead of the consensus estimates of $3.24. However, the company's revenue of $6.3 billion fell slightly short of the projected $6.34 billion.
The operating margin for the quarter was 56.8%, below the expected 58.3%.
Gross Dollar Volume also missed expectations, totaling $2.29 trillion compared to the... More
Mastercard's profit beats as consumer spending defies inflation worries
May 1, 2024 8:08 AM EDTBy Mehnaz Yasmin
(Reuters) -Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing costs and persistent inflation.
Wage growth and a tight labor market have ensured job security for card users, allowing them to spend without restraint even as the Federal Reserve keeps monetary policy tight.
The payments processor earned $3.31 per share on an adjusted... More
