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

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  • 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.
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