Wall Street Anticipates 28% Upside To Mastercard Incorporated (MA)

Mastercard Incorporated (NYSE:MA) is among the 15 Best Big Name Stocks to Buy. As of the close on April 24, Wall Street remains bullish on the stock with a Strong Buy rating and sees an average share price upside potential of 28%.

On Friday, Truist Securities trimmed its price target on the stock to $590 from $611, while maintaining a Buy rating. The adjustment came as part of the firm’s broader research and first-quarter earnings preview for Payments and Capital Markets stocks.

Other recent updates include BMO Capital initiating coverage of the global payments company on April 21, with an Outperform rating and a price target of $605.

According to a report on TipRanks, the firm noted the resilience in Mastercard Incorporated (NYSE:MA)’s competitive position even as doubts remain regarding digital currencies and alternative payment methods. In a research note to investors, BMO Capital said that the company’s multi-rail capabilities were setting it up as ‘the orchestration layer across all rails’.

The update follows Citigroup’s adjustment on the stock on April 14, when it trimmed the price target to $675 from $735 and maintained a Buy rating. However, analyst Bryan Keane noted that the company’s fundamentals still remained solid despite an overall volatile macro environment.

Mastercard Incorporated (NYSE:MA) is a payment card services company that provides financial services to individual consumers, merchants, small and large businesses, and governments by facilitating electronic funds transfers.

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