Mastercard's Cross-Border Surge And Pricing Actions Drive Analyst Optimism

JP Morgan analyst Tien-tsin Huang reiterated an Overweight rating on Mastercard Inc. MA on Friday, with a price target of $610.Mastercard reported fiscal first-quarter net revenues of$ 7.25 billion, up 14%, beating the analyst consensus estimate of $7.12 billion.Adjusted EPS rose 13% to$ 3.73, exceeding the analyst consensus estimate of $3.57.Also Read: Mastercard Lifts Annual Outlook After Q1 Beat, Fueled By Cross-Border SurgeRevenue yield was ~0.9 bps ahead of Huang’s expectation and up two bps over the p ...