BMO Capital analyst Rufus Hone raised the firm’s price target on MasterCard (MA) to $565 from $550 and keeps an Outperform rating on the shares. The company has outlined 2025-2027 financial targets and addressed investor concerns around the remaining runway in consumer payments and Mastercard’s ability to accelerate secular shift in commercial payments/new flows, the analyst tells investors in a research note. MasterCard’s financial targets also look “conservative”, and the firm believes they imply a 2-3 point deceleration in payment network revenue growth by 2027, BMO added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 price target raised to $564 from $544 at Morgan Stanley
- MasterCard price target raised to $585 from $530 at Wells Fargo
- MasterCard targets ‘largely aligned with Street expectations,’ says Barclays
- Charter to acquire Liberty Broadband, Spotify reports Q3 beat: Morning Buzz
- Market-Beating SCHG ETF: Simple and Effective Exposure to U.S. Growth Stocks