BUZZ-Street View: Mastercard regains growth advantage thanks to resilient consumer spending

October 30 - ** Mastercard (MA.N) announced on Thursday (link) that its second quarter profit exceeded Wall Street expectations, mainly thanks to robust payment spending—especially in the US market—and higher-yielding cross-border transactions.

** The median target price from 44 brokerages covering the stock is $706—compiled by London Stock Exchange Group (LSEG) data.

Growth advantage regains momentum

** JPMorgan ("Overweight", target price: $755) stated that Mastercard is showing signs of regaining its historical growth premium over Visa, citing stronger payment volume and increased spending from high-net-worth cardholders.

** Toronto-Dominion Cowen Securities (TD Cowen) (rating "Buy", target price: $726) believes that, driven by resilient cross-border spending, strong consumer and business demand, and opportunities in tokenization, agency banking, and stablecoins, Mastercard is likely to further expand its growth leadership.

** Morgan Stanley ("Overweight", target price: $712) said: "We are confident that the slowdown in cross-border e-commerce growth reflects specific factors rather than weak demand; meanwhile, agency e-commerce and stablecoins offer additional upside potential."

** Argus Research (rating "Buy", target price: $694) expects the company to benefit from growth in emerging markets, expanded merchant acceptance, and resilient consumer spending.

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