zintick
MA MastercardAnalyst actions

Freedom Broker Downgrades Mastercard to Hold, Raises Target to $725

Truist Securities kept its buy rating and raised its price target to $735 from $674.

By Zintick Team · Editor: Kratik Mehta
Published

Male hands paying by credit card at terminal at restaurant. Close up man using bank card for paying restaurant bill. Closeup
Photo: Depiction Images/Shutterstock.com

Key points

  • Freedom Broker cut Mastercard to hold from buy and raised its target to $725 from $620
  • Truist kept its buy rating and raised its target to $735 from $674
  • Shares fell 2.5% to $655.92 on Thursday, Nov. 5, after an 18.2% gain over 20 sessions
  • Median target across 26 covering firms was $718 before these actions

Freedom Broker downgraded Mastercard Inc (NYSE: MA) to hold from buy after the close on Thursday and raised its price target to $725 from $620. Truist Securities maintained its buy rating during the session and lifted its target to $735 from $674.

Two firms acted on the stock. Freedom Broker moved to hold, and Truist kept its buy rating while raising its target.

Mastercard shares closed at $672.68 on Wednesday, Nov. 4, after rising 18.2% over the prior 20 sessions. On Thursday the stock fell 2.5% to close at $655.92, while the S&P 500 ETF fell 4.4%.

Before these actions, 26 firms that had acted on the stock in the past year rated it, with 25 positive, one neutral and none negative. Their median price target was $718, ranging from $597 to $765. Both new targets sit above that median.

Mastercard reported revenue of $32.79 billion for last fiscal year, up 16%, and operating income of $18.90 billion, up 21%. For the quarter ended Sept. 30, revenue was $9.81 billion, up 14%.

The actions came seven days after Mastercard filed its quarterly report on Form 10-Q on Oct. 29.

Sources

Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

More analyst ratings

MA page →