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
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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
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