5 Stocks Receiving Price Target Hikes After Earnings Beat

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 146

Mastercard Incorporated (NYSE:MA) received a price target hike from Deutsche Bank after delivering better-than-expected results for Q4. The research firm increased its price target for the payment-processing giant from $375 per share to $430 per share on Friday, January 27.

For the fourth quarter, Mastercard Incorporated (NYSE:MA) reported adjusted earnings of $2.65 per share, beating the consensus of $2.57 per share. The quarterly revenue of $5.82 billion also exceeded the consensus of $5.81 billion.

Separately, investment management firm L1 Capital also talked about Mastercard Incorporated (NYSE:MA) in its December 2022 quarterly report. Here’s what the firm said:

“During the December 2022 Quarter over 50% of the Fund’s holdings’ share prices increased by more than 10% in local currency with a number of them increasing by more than 20%. Five companies positively contributed over 0.5% (in AUD) to the Fund’s returns for the quarter which includes Mastercard Incorporated (NYSE:MA). Mastercard’s share price also increased over 20% in the December 2022 Quarter. These companies span a range of industries and size by market capitalization and include both ‘Growth’ and cyclical ‘Value’ businesses. All meet the L1 Capital International unique definition of Quality.”