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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.

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 this cheapest AI stock.

READ NEXT: 10 Best Military Drone Stocks to Buy Right Now and 7 Best Mid-Cap Defense Stocks to Invest In.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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This prediction might not be bold at all:

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