Mastercard's Conservative Outlook and Relative P/E Discount Make It a Favorable Bet: Analysts Raise Price Targets
Portfolio Pulse from Anusuya Lahiri
Analysts from Raymond James, Wells Fargo, BMO Capital, and Baird have maintained an Outperform rating on Mastercard Inc (NYSE:MA) and raised their price targets, following the company's solid 2Q results. The company's outlook for the year and 3Q guide were also reiterated. Mastercard's stock is currently trading at a discount to its historical relative P/E, making it a favorable bet according to analysts.
July 28, 2023 | 6:31 pm
News sentiment analysis
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NEUTRAL IMPACT
Visa Inc (NYSE: V) was mentioned in comparison to Mastercard's financial performance.
Visa was only mentioned in passing as a comparison to Mastercard's financial performance. This mention is unlikely to have a significant impact on Visa's stock in the short term.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
POSITIVE IMPACT
Mastercard's solid 2Q results and reiterated outlook have led analysts to maintain an Outperform rating and raise their price targets. The stock is currently trading at a discount to its historical relative P/E.
The positive outlook from analysts, coupled with solid 2Q results and a reiterated outlook, are likely to have a positive impact on Mastercard's stock in the short term. The fact that the stock is trading at a discount to its historical relative P/E also makes it an attractive investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100