Swiping Right On Mastercard: Analysts Swipe Up Price Targets After Stellar Q1 Earnings Beat

Several analysts increased the price target of Mastercard Inc MA following reporting a strong Q1 earnings beat.
BMO Capital raised its price target to $442 from $441 with an Outperform rating.
Analyst James Fotheringham raised core EPS estimates by 1% to $12.26 in 2023, 1% to $14.98 in 2024, and 2% to $18.17 in 2025 on higher than previously expected VAS revenues.
RBC Capital increased its price target to $404 from $392 at Outperform rating.
Analyst Daniel R. Perlin increased the 2023 revenue estimate to $25.18 billion and adjusted EPS estimate to $12.25 and 2024 revenue estimate to $28.65 billion and adjusted EPS to $14.55.
Credit Suisse increased its price target to $400 from $390 at Outperform. The analyst raised the EPS estimate to $12.35 for 2023 and $14.72 for 2024.
Raymond James boosted the price target to $453 from $450 at Outperform rating.
Morgan Stanley raised the price target to $440 from $438 and maintained an Overweight rating.
CitiGroup boosted the price target to $440 from $435 and reiterated Buy rating.
Baird raised the price target to $435 from $410 and retained Outperform rating.
Price Action: MA shares are trading higher by 1.66% at $379.97 on the last check Friday.

Analyst Calendar