William Blair analyst Andrew Jeffrey has reiterated their bullish stance on MA stock, giving a Buy rating on April 17.
Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight Mastercard’s strong position in the financial services and technology sectors. He views Mastercard as a reliable investment for growth-focused fintech investors, emphasizing its ability to provide both macroeconomic protection and growth potential. The stock’s performance, which has outpaced the broader market, is seen as a testament to its resilience and attractiveness as an all-season holding.
Jeffrey points out Mastercard’s diverse exposure to consumer spending across various geographies and its value-added services (VAS) as key investment attributes. The company’s global reach, with a significant portion of its gross dollar volume (GDV) coming from outside the U.S., offers a buffer against domestic economic slowdowns. Additionally, Mastercard’s involvement in the secular shift towards electronic payments, including trends like contactless payments and tokenization, positions it well for continued growth. The company’s strategic initiatives in commercial payments and new transaction flows further bolster its long-term growth prospects.
In another report released on April 17, Redburn Atlantic also maintained a Buy rating on the stock with a $675.00 price target.