Mastercard Installments Gains Traction with New Global Partners and Support for Small Businesses
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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
