Goldman Sachs raised the firm’s price target on MasterCard (MA) to $713 from $665 and keeps a Buy rating on the shares. The company’s results were solid, and shares outperformed on relatively consistent spending dynamics and stronger than expected value added services growth, the analyst tells investors in a research note. Overall, MasterCard results were fairly clean, with the only notable difference being domestic assessment yields, which were lower than expected, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- Mastercard’s Strategic Growth and Resilience Justify Buy Rating
- Mastercard’s Strategic Positioning and Growth Potential Justify Long-Term Investment
- Crypto Currents: Consensys files for IPO as Wall Street makes tokenization push
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Midday Fly By: Big Tech reports, Novo tops Pfizer bid for Metsera