Analyst Donald Fandetti of Wells Fargo reiterated a Buy rating on Mastercard (MA – Research Report), retaining the price target of $625.00.
Donald Fandetti has given his Buy rating due to a combination of factors including Mastercard’s impressive financial performance and forward-looking guidance. The company’s first-quarter results exceeded expectations, with adjusted earnings per share surpassing both the firm’s and the market’s estimates. Additionally, Mastercard’s net revenue growth was notably strong, outpacing projections and demonstrating robust performance across various revenue streams.
Furthermore, the guidance for the second quarter suggests continued strength, with revenue and earnings per share expected to exceed market consensus. The 2025 outlook remains positive, with anticipated revenue growth at the higher end of projections. Despite potential concerns over rebates, the overall financial health and strategic positioning of Mastercard support the Buy rating, as the company’s shares are expected to outperform in the market.
In another report released today, Barclays also maintained a Buy rating on the stock with a $650.00 price target.