Analysts Are Increasing Price Targets of These 5 Stocks

04. Mastercard Incorporated (NYSE:MA)

Upside Potential: 16%

Mastercard Incorporated (NYSE:MA) is a financial technology company that provides transaction processing and other payment-related products and services. On July 24, Barclays analyst Raimo Lenschow conveyed an optimistic outlook on Mastercard Incorporated (NYSE:MA) and raised the price target from $437 to $470. This upward revision in the price target signifies Barclays’ strong belief in the company’s future performance and growth prospects. Lenschow’s positive assessment of Mastercard Incorporated (NYSE:MA) indicates that he expects the company to continue performing well and potentially outperform the market. The new price target of $470 suggests that Barclays sees the stock’s value reaching that level in the future, reflecting their confidence in Mastercard Incorporated (NYSE:MA) fundamentals and potential for further appreciation.

LVS Advisory made the following comment about Mastercard Incorporated (NYSE:MA) in its second quarter 2023 investor letter:

“We have owned Mastercard Incorporated (NYSE:MA) on and off since inception. We re-initiated the position in summer 2022 during the broader market sell-off. The stock traded off to an attractive valuation and we believed the tailwinds from a reopening of international travel still had legs. This was a small portfolio position and the stock has appreciated in the year we have owned it. The stock’s valuation is once again rich and the tailwinds from international travel and consumer spending appear to be tapering. We sold the position because we believe other opportunities within our existing portfolio will generate superior returns.”