TD Cowen Maintains a Buy on Mastercard Incorporated (MA)

Mastercard Incorporated (NYSE:MA) is one of the best stocks to invest in for beginners. TD Cowen analyst Bryan Bergin maintained a Buy rating on Mastercard Incorporated (NYSE:MA) on August 11, setting a $645.00 price target.

Mastercard Incorporated (MA): "This Is Your Chance" To Buy, Says Jim Cramer

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

The analyst based the rating on Mastercard Incorporated’s (NYSE:MA) resilience and strategic position in the global payments landscape, stating that the company is capitalizing on the continual digitization of payments.

This is a significant growth driver for Mastercard Incorporated (NYSE:MA), according to the analyst, that the market is not fully appreciating.

The analyst added that Mastercard Incorporated (NYSE:MA) has a diverse growth strategy that is anticipated to support its growth momentum, including its VASS flywheel.

Mastercard Incorporated (NYSE:MA) is a technology company that provides payment solutions for developing and implementing debit, credit, prepaid, commercial, and payment programs via its brands.

Its portfolio includes Mastercard, Cirrus, and Maestro. The company also offers intelligence and cyber solutions.

While we acknowledge the potential of MA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.