TD Cowen initiated coverage of MasterCard with a Buy rating and $545 price target. The analyst says MasterCard offers an “attractive high-growth, high-margin business poised to deliver outsized expansion” over the medium- to long-term given its leading market position in a “robust” $45 trillion global consumer payments market. With room for further EBIT margin expansion as MasterCard nears 60%, TD forecasts mid-teens earnings growth over the medium term, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- Mastercard Stock (NYSE:MA): This Compounding Machine Remains Intact
- Visa, MasterCard settlement agreement ‘skews positively,’ says Citi
- Visa and Mastercard Reduce Swipe Fees, Settling Long-Standing Dispute
- Keefe says interchange agreement positive for merchant acquirers
- Visa, MasterCard reducing credit interchange rates removes overhang, says Baird