Truist Securities analyst Andrew Jeffrey maintained Mastercard Inc (NYSE:MA) with a Buy and raised the price target from $450 to $475.
At a basic level, Mastercard is a branded global card switch, driving organic revenue growth and scale via share gains in a growing market. Jeffrey is bullish on structural ePayment growth, even as card penetration rises, reflecting a view that growing complexity e.g. eCommerce, tokenization, contactless, new tenders, like BNPL, and multi-tx environments, such as on-demand delivery, fuel volume growth.
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