Morgan Stanley Raises Mastercard (MA) Target; Raymond James Flags Near-Term Headwinds

Mastercard Incorporated (NYSE:MA) is included among the 10 Best Blue Chip Stocks to Invest in According to Billionaires.

On May 1, Morgan Stanley raised the firm’s price recommendation on Mastercard Incorporated (NYSE:MA) to $679 from $678. It reiterated an Overweight rating on the shares. The FY outlook remains unchanged, as the impact from the Middle East and portfolio shifts continues to weigh on high-yield cross-border volume, the analyst tells investors in a research note. The firm added that it is reassured by stable underlying trends and noted that U.S. spend is accelerating ex-Capital One migration.

The same day, Raymond James lowered the firm’s price objective on MA to $609 from $631. It kept an Outperform rating on the shares. The company reported solid Q1 results, with a modest EPS and revenue beat. Cross-border volume growth slowed due to geopolitical disruption. Near-term guidance came in slightly softer, with expected pressure in Q2. The analyst said a projected recovery in the second half of the year, along with a discounted valuation, continues to support a favorable risk/reward outlook.

Mastercard Incorporated (NYSE:MA) is a technology company in the global payments industry. It connects consumers, financial institutions, merchants, governments, digital partners, and businesses by enabling electronic payments and making transactions secure and accessible.

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