These Analysts Boost Their Forecasts On Mastercard After Upbeat Q3 Results
Avi Kapoor 2 days ago
MarketsTrading IdeasNewsAnalyst RatingsPrice TargetEarnings
Mastercard beats Q3 estimates with $5.31 EPS and $9.81B revenue; reaffirms 2026 outlook as analysts raise price targets.
Mastercard Inc. (NYSE:MA) on Thursday reported better-than-expected third-quarter 2026 earnings.
Mastercard reported adjusted earnings of $5.31 per share, beating analysts’ consensus estimate of $5.16. Revenue increased 14% year over year to $9.81 billion, topping Wall Street’s estimate of $9.65 billion.
Mastercard reaffirmed its 2026 forecast for GAAP net revenue growth in the low teens. However, the company now expects operating expense growth at the low end of the low-double-digit range, compared with its previous forecast at the high end of the high-single-digit range.
Mastercard shares rose 1.9% to $648.02 in pre-market trading.
These analysts made changes to their price targets on Mastercard following earnings announcement.
- Evercore ISI Group analyst Adam Frisch maintained the stock with an In-Line rating and raised the price target from $620 to $640.
- Keybanc analyst Andrew Schmidt maintained the stock with an Overweight rating and raised the price target from $722 to $735.
Considering buying MA stock? Here’s what analysts think:
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