KeyBanc Reiterates Overweight Rating on MasterCard (MA)

KeyBanc analyst Alex Markgraff reiterated an Overweight rating and $515.00 price target on MasterCard (NYSE: MA).

The analyst commented, "Mastercard announced the acquisition of global threat intelligence company Recorded Future from Insight Partners for $2.65 billion ...Cybersecurity/fraud continues to be top of mind for the networks (MA/V), so categorically we're not surprised to see this type of deal. That said, the deal is rather sizable and we think represents a premium takeout multiple relative to peers. The acquisition adds to Mastercard's growing portfolio of non-payment services and further diversifies its revenue away from transactions/spend volume, which we’d expect to be appreciated by investors to some degree. It's unclear if the Recorded Future team will join Mastercard post-close, which we view as an important consideration for the deal. Further considerations include the relative scale/maturity of the Card Fraud Intelligence solution (intro'd March 2021) and the buying behavior of non-payment threat intelligence solutions/modules by potential non-FI/merchant customers (i.e., willingness to buy from MA/awareness of MA as relevant vendor)."

For an analyst ratings summary and ratings history on MasterCard click here. For more ratings news on MasterCard click here.

Shares of MasterCard closed at $488.18 yesterday.

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