Mastercard Inc (NYSE:MA) reported 14% organic revenue growth, ahead of expectations, and posted an earnings beat “helped in part by government grants,” according to JPMorgan.
The Mastercard Analyst: Analyst Tien-tsin Huang maintained a Buy rating, but slashed the price target from $685 to $655.
The Mastercard Thesis: The company reported earnings of $4.76 per share, well ahead of the consensus of $4.25 per share, on organic revenue growth of around 14%, which came in above the guidance, Huang said in the note.
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