Mastercard (NYSE:MA) Stock Price Target Raised at Truist Financial

Mastercard (NYSE:MA) had its price target hoisted by equities research analysts at Truist Financial from $674.00 to $735.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Truist Financial‘s target price suggests a potential upside of 9.91% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Evercore raised their target price on shares of Mastercard from $550.00 to $620.00 in a report on Friday, July 31st. Morgan Stanley increased their price objective on shares of Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of Mastercard from $668.00 to $731.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Raymond James Financial restated an “outperform” rating and issued a $632.00 price objective (up from $609.00) on shares of Mastercard in a report on Friday, July 31st. Finally, Cantor Fitzgerald lifted their price objective on shares of Mastercard from $695.00 to $765.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $704.76.

Mastercard Stock Down 0.6%

Shares of Mastercard stock traded down $3.96 during trading hours on Thursday, reaching $668.72. 980,041 shares of the company were exchanged, compared to its average volume of 3,503,578. The firm has a market cap of $585.80 billion, a PE ratio of 34.90, a PEG ratio of 1.83 and a beta of 0.78. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.01 and a current ratio of 1.01. Mastercard has a 1 year low of $464.52 and a 1 year high of $681.99. The stock’s fifty day moving average is $590.77 and its 200 day moving average is $537.93.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The firm had revenue of $9.81 billion during the quarter, compared to analyst estimates of $9.66 billion. During the same period last year, the business posted $4.38 earnings per share. Mastercard’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts forecast that Mastercard will post 19.99 earnings per share for the current year.

Insider Buying and Selling at Mastercard

In other news, CFO Ling Hai sold 4,317 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $641.00, for a total transaction of $2,767,197.00. Following the transaction, the chief financial officer directly owned 35,750 shares in the company, valued at approximately $22,915,750. This trade represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 370 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $590.21, for a total transaction of $218,377.70. Following the sale, the director owned 8,237 shares of the company’s stock, valued at $4,861,559.77. This trade represents a 4.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 25,403 shares of company stock worth $15,428,736. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently added to or reduced their stakes in MA. Gamco Investors INC. ET AL increased its stake in Mastercard by 5.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock valued at $14,093,000 after buying an additional 1,434 shares during the period. Reynders McVeigh Capital Management LLC raised its position in Mastercard by 2.2% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 141,828 shares of the credit services provider’s stock worth $72,843,000 after buying an additional 3,006 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Mastercard by 5.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,656,528 shares of the credit services provider’s stock worth $850,004,000 after acquiring an additional 82,793 shares during the period. SteelPeak Wealth LLC boosted its holdings in shares of Mastercard by 50.1% in the first quarter. SteelPeak Wealth LLC now owns 14,003 shares of the credit services provider’s stock valued at $6,996,000 after acquiring an additional 4,675 shares in the last quarter. Finally, Rockland Trust Co. boosted its holdings in shares of Mastercard by 6.2% in the third quarter. Rockland Trust Co. now owns 81,392 shares of the credit services provider’s stock valued at $44,885,000 after acquiring an additional 4,751 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Several firms raised price targets after Mastercard’s Q3 results, with Cantor Fitzgerald lifting its target to $765 and UBS to $750. The quarter’s revenue and EPS beat estimates, supporting optimism about growth. Analyst targets after Q3
• Positive Sentiment: Mastercard is participating in firmly’s $15 million funding round, backing a platform intended to connect merchants with AI agents and shoppable channels. The move offers exposure to emerging agentic-commerce payment opportunities, though its financial contribution is not yet clear. firmly funding and agentic commerce
• Positive Sentiment: A recent rally has also been attributed to strong Q3 growth and a potentially lessened near-term threat from proposed swipe-fee legislation after a key bill sponsor lost his seat. Recent rally and Q4 outlook
• Neutral Sentiment: Mastercard expanded mobile-payment availability in Morocco through Samsung Pay, extending the reach of its network; the immediate revenue effect is uncertain. Samsung Pay expansion in Morocco
• Negative Sentiment: The outlook is not uniformly bullish: one firm reportedly maintains a Hold rating with a $535 target, while Mastercard’s CFO warned of a “similar offset” in Q4. CFO Ling Hai’s recent share sale may also weigh on sentiment, although it was made under a pre-arranged trading plan. Analyst disagreement CFO Q4 warning

Mastercard Company Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.