Raymond James raised the target price of Mastercard from $632 to $726, J.P. Morgan raised the target price of Mastercard from $720 to $755, the Royal Bank of Canada raised the target price of Mastercard from $696 to $742, and Susquehanna raised the target price of Mastercard from $665 to $740. Mastercard reported strong quarterly results for the payment network business on Thursday, with profits exceeding market expectations. Consumer spending remains steady despite ongoing market concerns about high inflation and economic uncertainty.

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