How Mastercard’s Q1 Results Compare With Rival Visa: 3 Analysts Provide Their Takes
Mastercard Inc (NYSE:MA) shares came under pressure in early trading on Thursday after the company reported its first-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
Goldman Sachs On Mastercard
Analyst Will Nance maintained a Buy rating while reducing the price target from $534 to $517.
Investors expected “more resilient trends” from Mastercard’s results, Nance said in a note.
The company’s quarterly results were similar to Visa Inc’s (NYSE:V) report, “in that ROW volumes underperformed, notably in APAC, but also more idiosyncratically in Europe, where MA continues to lap large deal implementations,” he added.
The company guided to “high end of HSD net revenue growth (vs consensus +21.4% yoy), with -2% FX impact (low-end of LDD on a CC basis, …
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