Wells Fargo raised the firm’s price target on MasterCard (MA) to $585 from $530 and keeps an Overweight rating on the shares. The firm believes that a key message from the Investor Day is that management still sees a strong secular runway, despite investor jitters after many years of growth. They also highlighted the virtuous cycle of their payments and services businesses, Wells adds.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- 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
- Mastercard Targets Robust Growth Through 2027 Goals
- MasterCard sees 2025-2027 EPS CAGR in mid-teens