Analysts Positive On Mastercard’s (MA) Future Prospects

Mastercard Inc (NYSE:MA) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts. On April 10, Bank of America Securities’ analyst Matthew O’Neill maintained his Buy rating on the Mastercard Inc (NYSE:MA) stock. Alongside the rating, he also assigned a price target of $700 to the stock. This reflects upside of 34.3% from current levels.

Mastercard Inc (NYSE:MA) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts.

However, on March 31, Timothy Chiodo, an analyst at UBS, lowered his price target on Mastercard shares from $700 to $650. This is quite close to where the stock is currently trading. Despite lowering the price target, the firm issued a positive note on the company’s prospects on April 6. Analysts believe the company has a strong pricing power and is set to benefit from its expansion into value-added services. Going forward, the firm sees a positive impact on the shares from forex trends, travel recovery, and pricing benefits.

Based on ratings from 41 different analysts, MA has a strong bullish sentiment, with a median price target of $665, representing 27.6% upside from here on. The highest price target on Wall Street is $735, which would bring investors an upside of 41%.

Mastercard Inc (NYSE:MA) operates in the payments industry and is one of the leading payment processors for everyday consumers, financial institutions, governments, and businesses. The company is headquartered in New York, United States.

While we acknowledge the risk and potential of MA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MA and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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