These Analysts Lower Their Forecasts On Mastercard After Q3 Earnings

Mastercard Inc MA reported better-than-expected earnings for its third quarter.

Net revenues stood at $6.53 billion, up 14% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.52 billion. Adjusted EPS rose 26% Y/Y to $3.39, exceeding the consensus of $3.21.

Mastercard shares slipped 0.01% to trade at $364.58 on Friday.

These analysts made changes to their price targets on Mastercard following earnings announcement.

• Keybanc cut the price target on Mastercard from $440 to $430. Keybanc analyst Alex Markgraff maintained an Overweight rating.
• Raymond James slashed the price target on Mastercard from $453 to $452. Raymond James analyst John Davis maintained an Outperform rating.
• Morgan Stanley lowered the price target on Mastercard from $443 to $439. Morgan Stanley analyst James Faucette maintained an Overweight rating.
• BMO Capital cut the price target on Mastercard from $488 to $472. BMO Capital analyst James Fotheringham maintained an Outperform rating.
• RBC Capital cut the price target on Mastercard from $441 to $432. RBC Capital analyst Daniel Perlin maintained an Outperform rating.

Also Check This Out: Top 4 Industrial Stocks That May Plunge In Q4