Mastercard

Keybanc analyst Alex Markgraff maintains Mastercard (NYSE:MA) with a Overweight and raises the price target from $430 to $475.

US retail sales grew less than expected during the holiday season and fell well short of last year’s growth pace, according to a Mastercard (MA) report released Tuesday. Retail sales excluding automotive increased 3.1% year-over-year from Nov. 1 to Dec. 24, the Mastercard SpendingPulse report showed. That’s slower than the 3.7% rise it expected in September and last year’s 7.6% growth pace. SpendingPulse covers in-store and online retail sales across all forms of payment. The report showed apparel spending rose 2.4% and increased 7.8% at restaurants. Outlays on jewelry, however, fell 2%. “This holiday season, the consumer showed up, spending in a deliberate manner,” Mastercard Economics Institute Chief Economist Michelle Meyer said. “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.” Online sales rose 6.3% year over year while in-store purchases were up 2.2%, according

Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 12.46% Jefferies $425 → $480 Maintains Buy 12/07/2023 15.97% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 11.29% BMO Capital → $475 Assumes → Outperform 10/31/2023 -1.6% Mizuho $435 → $420 Maintains Buy 10/30/2023 10.12% Barclays $479 → $470 Maintains Overweight 10/27/2023 1.21% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 10.58% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 2.85% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 5.9% Raymond James $453 → $452 Maintains Outperform 10/27/2023 0.74% Keybanc $440 → $430 Maintains Overweight 10/18/2023 3.09% Keybanc $435 → $440 Maintains Overweight 10/13/2023 -0.66% HSBC → $424 Initiates Coverage On → Hold 10/12/2023 12.22% Barclays $480 → $479 Maintains Overweight 10/12/2023 8.94% Seaport Global → $465 Initiates

Barclays analyst Raimo Lenschow maintains Mastercard (NYSE:MA) with a Overweight and lowers the price target from $479 to $470.

Mastercard (NYSE:MA) reported quarterly earnings of $3.39 per share which beat the analyst consensus estimate of $3.21 by 5.61 percent. This is a 26.49 percent increase over earnings of $2.68 per share from the same period last year. The company reported quarterly sales of $6.55 billion which beat the analyst consensus estimate of $6.52 billion by 0.52 percent. This is a 13.85 percent increase over sales of $5.76 billion the same period last year.

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 $465 (down $15) values shares at 31.1x our 2024 EPS estimate, discounted to MA’s five-year historical average of 37.6x to reflect the higher for longer rate environment. We raise our FY 2023 EPS estimate to $12.39 from $12.31 and increase FY 2024’s to $14.96 from $14.89. Q3 revenues were $6.53B (+14%, or +11% currency-neutral), in line with the consensus. Adjusted EPS was $3.39, which topped expectations by $0.18. On the positive side, gross dollar volume growth accelerated to 11% as weakness in the United States (+5%) was outweighed by strength in Latin America (+25%) and Europe (+22%). Additionally, cross-border volume (+21%) continued its momentum and sits a hefty 71% above pre-pandemic levels. However, spending trends have slowed in October and management indicated

Barclays analyst Raimo Lenschow maintains Mastercard (NYSE:MA) with a Overweight and lowers the price target from $480 to $479.

Mastercard (NYSE:MA) reported Q2 adjusted earnings of $2.89 per diluted share  compared with $2.56 a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $2.83. Revenue for the quarter ended June 30 was $6.27 billion, compared with $5.50 billion a year earlier. Analysts surveyed by Capital IQ expected $6.17 billion.