Mastercard Analysts Increase Their Forecasts Following Upbeat Results
Portfolio Pulse from Avi Kapoor
Mastercard Inc (NYSE:MA) reported better-than-expected second-quarter financial results, with net revenues of $7.0 billion and adjusted EPS of $3.59, both surpassing analyst estimates. Analysts have subsequently raised their price targets for the stock.
August 01, 2024 | 5:38 pm
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Mastercard reported strong Q2 results with net revenues of $7.0 billion and adjusted EPS of $3.59, both exceeding analyst estimates. Analysts have raised their price targets for the stock.
Mastercard's better-than-expected financial results and subsequent analyst price target increases are likely to positively impact the stock price in the short term. The company's strong performance in consumer spending and cross-border volume growth further supports this outlook.
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