V - Mastercard Vs. Visa: Analyst Nods For Mastercard After Impressive Quarterly Performance | Benzinga
BMO Capital analyst Rufus Hone maintained Mastercard Inc (NYSE:MA) with an Outperform and raised the price target from $480 to $490.
On Wednesday, Mastercard clocked net revenues of $6.55 billion, up 13% Y/Y, beating the consensus of $6.48 billion. Adjusted EPS rose 20% Y/Y to $3.18, above the consensus of $3.08.
Mastercard demonstrated another quarter of double-digit revenue growth, with payment network revenue benefiting from vital cross-border fees, while VAS growth accelerated quarter-on-quarter, the analyst said.
Hone noted incrementally less downside risk to Mastercard’s FY24 guide relative to Visa Inc (NYSE:V), with MA highlighting tougher prior year comps in value-added services and from forex volatility for the slightly soft first quarter guide. Hone also reiterated his slight preference for a Mastercard over a Visa.
Raymond James analyst John Davis maintained Mastercard with an Outperform and raised the price target from $452 to ...