11:25 AM EST, 11/14/2024 (MT Newswires) -- Mastercard ( MA ) management provided an outlook consistent with Street forecasts at its investment meeting, Morgan Stanley said in a note Thursday.

The investment bank said it was encouraged by the company's updated outlook of revenue growth at the high-end of low-double-digits and an adjusted earnings per share growth of mid-teens, which are in-line with investor expectations.

Morgan Stanley increased its 2025 net revenue growth forecast for Mastercard ( MA ) to 12.8% from its prior projection of 11.9%, supported by faster growth in its value-added services business. For 2026, the revenue growth forecast is still 12.6%.

The firm moved its adjusted EPS forecast to $16.12 from the prior $16.01 in 2025 and to $18.67 from the previous $18.91 in 2026 due to "better operating margin expansion" and greater stock repurchases in both years, offset by a higher tax rate of 21%.

Morgan Stanley boosted Mastercard's ( MA ) price target to $564 from $544, with an overweight rating.

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