Citi analyst Andrew Schmitt maintains $MasterCard (MA.US)$ with a buy rating, and adjusts the target price from $566 to $572.
According to TipRanks data, the analyst has a success rate of 52.1% and a total average return of 2.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MasterCard (MA.US)$'s main analysts recently are as follows:
Spend patterns have maintained a robust state through October, and the potential for growth in international travel may provide a slight upward potential. However, there are particular details to consider when looking ahead to FY25, such as the effect of overlapping client gains and an anticipated increase in the tax rate. This has led to a revised projection for FY25 EPS to account for tax adjustments in light of the Singapore Pillar II global minimum tax regulations.
MasterCard reported a strong quarter with robust key spending metrics. Nevertheless, the positive results were somewhat overshadowed by discussions around a potential rise in tax rate.
Following the earnings report, MasterCard is observed to have momentum leading up to its analyst day.
Note:
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