In a report released today, Timothy Chiodo from UBS maintained a Buy rating on Mastercard, with a price target of $700.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Timothy Chiodo has given his Buy rating due to a combination of factors that highlight Mastercard’s robust growth potential and strategic positioning. The company has demonstrated consistent spending metrics across its portfolio, with healthy spending trends observed in both general and affluent segments. Additionally, Mastercard’s ability to maintain balanced labor markets with wage growth outpacing inflation further supports its positive outlook.
Mastercard’s suite of Value-Added Services and Solutions (VAS&S) plays a crucial role in its growth strategy. The company leverages data from payment transactions to enhance payment experiences, reduce fraud, and increase customer engagement, creating a ‘virtuous cycle’ that fuels continuous business growth. Furthermore, Mastercard’s go-to-market strategy capitalizes on its extensive network, allowing it to integrate services across a vast number of transactions and technology platforms, including real-time payments and blockchain-enabled transmissions, which positions it well for future expansion.