Mastercard Incorporated (NYSE:MA) is one of the 10 Best Fintech Stocks to Invest In According to Billionaires. On April 20, BMO Capital initiated coverage on Mastercard Incorporated (NYSE:MA), giving the stock an Outperform rating and setting the price target at $605.
The research firm sees Mastercard Incorporated’s (NYSE:MA) competitive position as highly resilient, even as concerns grow around digital currencies and alternative payment systems.
A mobile phone with Mastercard app
BMO Capital highlighted the company’s multi-rail strategy as a key strength. According to the research firm, this strategy expands Mastercard Incorporated’s (NYSE:MA) competitive advantages while also positioning it as an orchestration layer across all payment rails.
Additionally, BMO Capital said that it expects Mastercard Incorporated’s (NYSE:MA) value-added services to grow sustainably at a rate of more than 20%. This should support the company’s overall business performance. The research firm believes that the company should continue to be seen as a double-digit compounder.
Mastercard Incorporated (NYSE:MA) is an American multinational financial services company that provides transaction processing and payment-related products and services to individuals, businesses, and organizations worldwide.
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