These Analysts Lower Their Forecasts On Mastercard After Q3 Earnings
Portfolio Pulse from Lisa Levin
Mastercard Inc (NYSE:MA) reported better-than-expected Q3 earnings with net revenues of $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. Despite the positive results, several analysts including Keybanc, Raymond James, Morgan Stanley, BMO Capital, and RBC Capital lowered their price targets on Mastercard.
October 27, 2023 | 5:39 pm
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Mastercard reported better-than-expected Q3 earnings but saw several analysts lower their price targets on the company.
Despite reporting better-than-expected Q3 earnings, Mastercard saw several analysts lower their price targets on the company. This mixed reaction could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100