KeyBanc analyst Josh Beck upgraded MasterCard to Overweight from Sector Weight with a $425 price target. The analyst says his prior travel-related dislocation concerns have faded and that new flows beyond consumer card are improving the company’s diversification and growth durability. New payment flows should extend the growth runway at Visa and MasterCard, prompting an upgrade for both, Beck tells investors in a research note.
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
See Insiders’ Hot Stocks on TipRanks >>
Read More on MA:
- MasterCard price target raised to $415 from $395 at Wolfe Research
- Wedbush says SpendingPulse data bodes well for Visa, MasterCard, and PayPal
- Baird doubts FTC order will have ‘material impact’ on MasterCard
- Barclays does not see big impact to MasterCard from FTC order
- Mastercard SpendingPulse shows U.S. retail sales Grew 7.6% this holiday season