From Seekingalpha · Mike Zaccardi, CFA, CMT · · 40s
Mastercard Stock Hits All-Time High After Strong Q3 Results
Mastercard stock surges to all-time high following robust Q3 earnings and bullish technicals.
In brief
Mastercard stock surges to all-time high following robust Q3 earnings and bullish technicals. Mastercard's stock reached an all-time high after strong Q3 results, with management reaffirming guidance and projecting continued outperformance. Originally reported by Seekingalpha.
Q3 Results
Mastercard reported 14% revenue growth and 21% EPS growth with strong operating leverage.
Management Guidance
Management reaffirmed Q3 results and projected continued outperformance for the company.
Stock Price Action
Stock price reached all-time high following robust Q3 results and bullish technicals.
Valuation Metrics
30x p/e on $22 next twelve-month eps yields $660 target with upside potential to $740.
The takeaway
Mastercard's stock reached an all-time high after strong Q3 results, with management reaffirming guidance and projecting continued outperformance.
