RBC Capital raised the firm’s price target on MasterCard (MA) to $650 from $572 and keeps an Outperform rating on the shares after its Q4 earnings beat. There was little debate regarding the quarter heading into the print as expectations were biased to the upside, but while FY25 guidance was a modest concern, the worry “clearly abated” with the company calling for net revenue growth at the high-end of low-double-digits to low-teens in FY25, the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- MasterCard price target raised to $665 from $618 at Keefe Bruyette
- MasterCard price target raised to $670 from $605 at Susquehanna
- MasterCard price target raised to $600 from $580 at Baird
- MasterCard price target raised to $660 from $600 at UBS
- MasterCard price target raised to $650 from $584 at Citi