Mastercard

Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/01/2024 8.29% BMO Capital $480 → $490 Maintains Outperform 01/18/2024 2.1% Mizuho $420 → $462 Maintains Buy 01/11/2024 6.52% Goldman Sachs $433 → $482 Maintains Buy 01/11/2024 12.71% Oppenheimer → $510 Upgrades Perform → Outperform 01/08/2024 4.97% Keybanc $430 → $475 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 6.08% Jefferies $425 → $480 Maintains Buy 12/07/2023 9.39% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 4.97% BMO Capital → $475 Assumes → Outperform 10/31/2023 -7.18% Mizuho $435 → $420 Maintains Buy 10/30/2023 3.87% Barclays $479 → $470 Maintains Overweight 10/27/2023 -4.53% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 4.31% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 -2.98% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 -0.11% Raymond James $453 → $452 […]

Mastercard (MA) is casting an eye toward further strength in consumer spending in 2024 after robust activity aided the payments processor in outstripping expectations for its fourth-quarter financial results. “We remain fairly positive about the growth outlook. Consumer spending continues to be supported by a strong labor market and wage growth,” Chief Financial Officer Sachin Mehra said on the company’s conference call Wednesday, according to a transcript from Capital IQ. “Our base case scenario for 2024 reflects healthy consumer spending and recent spending dynamics.” The upbeat remarks about a critical factor for growth came after the company said “healthy consumer spending” was a driver for “strong” earnings and revenue growth last year. It also presented fourth-quarter adjusted earnings and revenue above the Street’s consensus estimates. For 2024, the company forecast net revenue percentage growth at the high end of low double digits. Revenue rose 13% in 2023. Shares of Mastercard

The following is a summary of the Mastercard, Inc. (MA) Q4 2023 Earnings Call Transcript: Financial Performance: Mastercard reported an 11% increase in Q4 net revenues, fuelled by robust consumer spending and strategic execution. A 13% increase in operating income from the previous year observed. Minimal impacts from acquisitions on operating expenses, which increased 9%. Net income and earnings per share increased 15% and 18% respectively, boosted partly by a non-recurring tax benefit. $1.8 billion worth of stock was repurchased during the quarter, with an additional $586 million repurchased beyond the quarter through January 26, 2024. Gross dollar volume (GDV) worldwide showed a 10% year-on-year increase. The company saw an 18% global growth in cross-border volume for Q4 and a 12% increase in switched transactions YoY. Payment Network net revenue increased by 7%, Value-added Services & Solutions net revenue grew by 17%. Business Progress: The company saw momentum in deals

Wedbush Raises Mastercard’s Price Target to $500 From $410 After Better-Than-Expected Q4Results, Keeps Outperform Rating。

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $550, up $85, values shares at 32.3x our 2025 EPS estimate, discounted to MA’s five-year historical average of 37.8x to reflect the higher rate environment and slowing U.S. payment volumes. We lower our FY 2024 EPS estimate to $14.79 from $14.96 and start FY 2025’s at $17.01. MA’s diversification was on full display this quarter as a slowdown in the U.S. (gross dollar volume +4%) was met with continued strength in international markets (+13%). Additionally, strong travel trends showed little signs of normalizing with 18% growth in cross-border volume recorded in Q4. Furthermore, value-added services and solutions saw growth accelerate to 17% (14% in Q3) and we expect momentum to continue into 2024, given an ever-increasing demand for MA’s data analytics and

Mastercard Inc (NYSE:MA) shares are trading lower after the company reported fourth-quarter 2023 results. Net revenues stood at $6.55 billion, up 13% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.48 billion. Adjusted EPS rose 20% Y/Y to $3.18, exceeding the consensus of $3.08. Payment network net revenue rose 9% Y/Y (+7% Y/Y on a currency-neutral basis), led by growth in gross dollar volume (+10% Y/Y), cross-border volume (+18% Y/Y) and switched transactions (+12% Y/Y). Value-added services and solutions net revenue rose 19% and 17% on a currency-neutral basis, driven by continued strong growth in cyber and intelligence solutions and high demand for consulting and marketing services and loyalty solutions. Total operating expenses increased 21%. Excluding the impact of special items, adjusted operating expenses increased 10%, or 9%, on a currency-neutral basis primarily due to higher personnel costs. The adjusted operating margin expanded over 100bps Y/Y

Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 7.73% Mizuho $420 → $462 Maintains Buy 01/11/2024 12.4% Goldman Sachs $433 → $482 Maintains Buy 01/11/2024 18.93% Oppenheimer → $510 Upgrades Perform → Outperform 01/08/2024 10.77% Keybanc $430 → $475 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 11.93% Jefferies $425 → $480 Maintains Buy 12/07/2023 15.43% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 10.77% BMO Capital → $475 Assumes → Outperform 10/31/2023 -2.06% Mizuho $435 → $420 Maintains Buy 10/30/2023 9.6% Barclays $479 → $470 Maintains Overweight 10/27/2023 0.74% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 10.07% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 2.37% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 5.4% Raymond James $453 → $452 Maintains Outperform 10/27/2023 0.27% Keybanc $440 → $430 Maintains

By Philip van Doorn Oppenheimer analyst Dominick Gabriele sees 19% upside for the stock over the next 18 months On Wednesday, Oppenheimer & Co. analyst Dominick Gabriele upgraded Mastercard Inc. to an “outperform” rating with a 12-18 month price target of $510, which was 19% higher than the stock’s closing price of $428.27 that day. In a note to clients, Gabriele wrote that there was some concern over his estimated annual earnings-per-share growth rate of 17% for Mastercard (MA) over the next three to five years, because this was slower than the growth pace before the COVID-19 pandemic. But he concluded that the expected profit growth pace was “good enough” to support his price target. EPS growth Looking back, Mastercard’s EPS increased at a compound-annual-growth rate (CAGR) of 29.1% for the three-year period ending 2019. That was an incredible pace for earnings growth, compared with a three-year EPS CAGR of

By Philip van Doorn Oppenheimer analyst Dominick Gabriele sees 19% upside for the stock over the next 18 months On Wednesday, Oppenheimer & Co. analyst Dominick Gabriele upgraded Mastercard Inc. to an “outperform” rating with a 12-18 month price target of $510, which was 19% higher than the stock’s closing price of $428.27 that day. In a note to clients, Gabriele wrote that there was some concern over his estimated annual earnings-per-share growth rate of 17% for Mastercard (MA) over the next three to five years, because this was slower than the growth pace before the COVID-19 pandemic. But he concluded that the expected profit growth pace was “good enough” to support his price target. EPS growth Looking back, Mastercard’s EPS increased at a compound-annual-growth rate (CAGR) of 29.1% for the three-year period ending 2019. That was an incredible pace for earnings growth, compared with a three-year EPS CAGR of

Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/11/2024 18.4% Oppenheimer → $510 Upgrades Perform → Outperform 01/08/2024 10.27% Keybanc $430 → $475 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 11.43% Jefferies $425 → $480 Maintains Buy 12/07/2023 14.92% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 10.27% BMO Capital → $475 Assumes → Outperform 10/31/2023 -2.5% Mizuho $435 → $420 Maintains Buy 10/30/2023 9.11% Barclays $479 → $470 Maintains Overweight 10/27/2023 0.29% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 9.58% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 1.92% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 4.93% Raymond James $453 → $452 Maintains Outperform 10/27/2023 -0.17% Keybanc $440 → $430 Maintains Overweight 10/18/2023 2.15% Keybanc $435 → $440 Maintains Overweight 10/13/2023 -1.57% HSBC → $424 Initiates Coverage On

Goldman Sachs analyst Matthew O’Neill maintains Mastercard (NYSE:MA) with a Buy and raises the price target from $433 to $482.

Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 13.25% Keybanc $430 → $475 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 14.44% Jefferies $425 → $480 Maintains Buy 12/07/2023 18.02% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 13.25% BMO Capital → $475 Assumes → Outperform 10/31/2023 0.14% Mizuho $435 → $420 Maintains Buy 10/30/2023 12.06% Barclays $479 → $470 Maintains Overweight 10/27/2023 3% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 12.54% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 4.67% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 7.77% Raymond James $453 → $452 Maintains Outperform 10/27/2023 2.52% Keybanc $440 → $430 Maintains Overweight 10/18/2023 4.91% Keybanc $435 → $440 Maintains Overweight 10/13/2023 1.09% HSBC → $424 Initiates Coverage On → Hold 10/12/2023 14.21% Barclays $480 → $479 Maintains