Barclays Keeps Overweight Rating on Mastercard (MA) Despite Stablecoin Concerns

Mastercard Incorporated (NYSE:MA) is one of the 11 Best Fintech Stocks to Buy Right Now. On June 13, Barclays reiterated its “Overweight” rating on Mastercard Incorporated (NYSE:MA) with a price target of $650. The research firm pointed out that concerns about stablecoins disrupting the payments industry are “overblown.”

Barclays made these comments after a Wall Street Journal article suggested that stablecoins present a serious threat to established payment networks like Mastercard Incorporated (NYSE:MA) and Visa.

Barclays Keeps Overweight Rating on Mastercard (MA) Despite Stablecoin Concerns

A woman using a payment terminal at the checkout of a store showing payment products and solutions.

While Barclays analysts acknowledged the potential of stablecoin technology, they expressed some doubt about its immediate impact on retail payments. They said that this area “may prove a tough nut to crack.”

The firm advised investors to buy Mastercard Incorporated (NYSE:MA) during any weakness resulting from these worries about stablecoins.

Mastercard Incorporated (NYSE:MA) is an American multinational financial technology company that offers transaction processing and payment-related products and services to individuals, businesses, and organizations around the world.

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