On Nov 01, major Wall Street analysts update their ratings for $MasterCard (MA.US)$, with price targets ranging from $530 to $605.
J.P. Morgan analyst Tien Tsin Huang maintains with a buy rating, and sets the target price at $580.
BofA Securities analyst Jason Kupferberg maintains with a hold rating, and adjusts the target price from $509 to $532.
Barclays analyst Ramsey El Assal maintains with a buy rating, and maintains the target price at $576.
Wells Fargo analyst Donald Fandetti maintains with a buy rating, and maintains the target price at $530.
TD Cowen analyst Bryan Bergin maintains with a buy rating, and maintains the target price at $533.
Furthermore, according to the comprehensive report, the opinions of $MasterCard (MA.US)$'s main analysts recently are as follows:
MasterCard is experiencing positive momentum as it approaches its analyst day.
MasterCard's shares experienced a 3% decline post-earnings, influenced by statements regarding a potential tax rate impact in 2025, overshadowing what was characterized as an 'otherwise clean quarter.' This quarter saw revenue acceleration and supportive pricing, which contributed to yearly yield improvements.
The firm posits that the growth in personal consumption expenditure share is a critical barometer for assessing the company's potential for expansion within the U.S. market. In the third quarter, both Visa and MasterCard did not succeed in overturning what has been an ongoing decline in their share of incremental consumer spending. The preference of the analyst leans towards MasterCard when compared to Visa.
MasterCard's Q3 results surpassed expectations, primarily driven by payment network revenues. The company benefited from robust consumer activity, and the general economic backdrop continues to be favorable. MasterCard's performance and its interpretation of broader economic conditions provide an encouraging contrast to other entities that report softening tendencies.
Here are the latest investment ratings and price targets for $MasterCard (MA.US)$ from 10 analysts:
Note:
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