MasterCard price target lowered to $665 from $675 at Macquarie

Macquarie analyst Paul Golding lowered the firm’s price target on MasterCard (MA) to $665 from $675 and keeps an Outperform rating on the shares following the company’s Q1 earnings report, which was “ahead of expectations.” The firm still believes the consumer is “solid,” and noted that Crypto, AI, and value-added services have been, and continue to be, “key drivers.”