Barclays analyst Ramsey El Assal maintains $MasterCard (MA.US)$ with a buy rating, and maintains the target price at $576.
According to TipRanks data, the analyst has a success rate of 54.9% and a total average return of 0.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MasterCard (MA.US)$'s main analysts recently are as follows:
Healthy spend patterns have persisted through October, and there remains potential for modest upside from international travel growth. However, looking ahead to FY25, there are nuances to consider, such as the need to lap client wins and a potentially higher tax rate, leading to a revised FY25 EPS estimate as adjustments are made for taxes in light of Singapore's Pillar II global minimum tax rules.
MasterCard's recent quarter showed robust performance with key spending indicators demonstrating vitality. Despite these positive outcomes, attention was drawn away by discussions of a possible rise in tax rates.
Following the earnings report, MasterCard is observed to have gathered momentum as it approaches its analyst day, according to industry insights.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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