Mastercard's ePayment Growth and B2B Potential: Why One Analyst Raised Their Forecast
Portfolio Pulse from Anusuya Lahiri
Truist Securities analyst Andrew Jeffrey has maintained a Buy rating for Mastercard Inc (NYSE:MA) and raised the price target from $450 to $475. Jeffrey is bullish on Mastercard's ePayment growth and B2B potential, citing global card volume growth, recent share gains, and the company's strategy of leading with solutions that lift issuers' revenue growth. He also highlighted Mastercard's Value-Added Services (VAS) portfolio, which focuses on Fraud, Intelligence, and Data.
September 25, 2023 | 8:02 pm
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POSITIVE IMPACT
Mastercard's price target has been raised from $450 to $475 by Truist Securities analyst Andrew Jeffrey, who is bullish on the company's ePayment growth and B2B potential.
The raised price target and positive outlook from the analyst could lead to increased investor confidence in Mastercard, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Visa Inc (NYSE:V) was mentioned in comparison to Mastercard's strategy and offerings. The analyst noted that Mastercard's Value-Added Services (VAS) are distinct from Visa's focus on Gateway and Processing.
While Visa was mentioned in the article, it was mainly in comparison to Mastercard's strategy and offerings. This does not directly indicate a positive or negative impact on Visa's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50