The Main Points
- Mastercard reported adjusted earnings of $5.04 per share on revenue of $9.28 billion, up 14% year-over-year, both ahead of Wall Street estimates.
- Organic revenue grew around 12%, and one analyst raised full-year growth estimates for both revenue and earnings.
- JPMorgan raised its price target from $655 to $720, KeyBanc lifted its target to $680, and BofA Securities raised its target to $735 — all while maintaining bullish ratings.
- Analysts highlighted healthy cross-border transaction trends and noted that headwinds from Middle East-related disruption are expected to ease in the second half of the year.
- Despite the beat, shares dipped slightly on the day of the report, closing down about 1.6%.