Mastercard (NYSE:MA) Slides after Weak Revenue Forecast
Market News

Mastercard (NYSE:MA) Slides after Weak Revenue Forecast

Story Highlights

Mastercard slid in trading after a weak revenue forecast in Q4.

Shares of payment processing company Mastercard (NYSE:MA) fell in trading after a bleak forecast. The company expects revenues to grow in the low double digits year-over-year in the fourth quarter. Mastercard reported adjusted earnings of $3.39 per share in the third quarter, up by 24% year-over-year on a currency-neutral basis, which beat analysts’ consensus estimate of $3.21 per share.

The company’s Q3 net revenues increased by 11% year-over-year to $6.5 billion, in line with analysts’ expectations.

Is MA a Good Stock to Buy Now?

Analysts are bullish about MA stock, with a Strong Buy consensus rating based on 19 Buys and two Holds. The average MA price target of $458.35 implies an upside potential of 24.6% from current levels.

Related Articles
Vince CondarcuriVisa and Mastercard (MA) Are Being Investigated by EU for Scheme Fees
TheFlyEU investigating MasterCard, Visa retailer fees, Reuters reports
Kody R. KesterDoes Mastercard (NYSE:MA) Stock Have Room to Run Higher?
Go Ad-Free with Our App