Street Maintains Confidence in Mastercard Incorporated (MA) on Spending Resilience

Core Viewpoint - Mastercard Incorporated (NYSE:MA) is recognized as a highly profitable financial stock, with various analysts maintaining positive ratings and price targets despite market headwinds [1][2][3]. Analyst Ratings and Price Targets - Truist has reduced its price target for Mastercard from $630 to $609 while reaffirming a Buy rating [1]. - Compass Point upgraded Mastercard from Neutral to Buy with a price target of $735, indicating a potential upside of 39% [2]. - TD Cowen increased its price target from $654 to $668, citing consistent spending behavior as a supportive factor [3]. - Overall, 80% of analysts recommend buying Mastercard, with a median price target of $665, suggesting an upside potential of 24.79% [4]. Company Overview - Mastercard is a New York-based financial technology company founded in 1966, providing payment-related products and services to a diverse clientele, including individuals, businesses, and governments [5].