MasterCard (MA) Investor Day Yields 5 Key Takeaways - Jefferies

Jefferies analyst Trevor Williams reiterated a Buy rating and $425.00 price target on MasterCard (NYSE: MA) after attending the company's investor day that offered 5 key takeaways:

1) Cash displacement to remain a LT driver, with ~$25T consumer spend still uncarded
2) in-focus alt. flows represent ~ $80T TAM and already 13% of net revs
3) composition of Services (~35% of revs growing 20%+) disclosed
4) the '22-'24 guide for high-teen growth is above ~15% consensus as mgmt. expects int'l travel to return to 2019 levels by YE22
5) KPIs continue to improve into November

The analyst stated "MA provided an encouraging update on volume trends, with the level of domestic and cross-border spend continuing to improve over the past two weeks. Cross-border travel strengthened across all markets relative to '19, supported by the US lifting restrictions on inbound travel from Europe/Canada/Mexico on Nov. 8, while cross-border CNP volumes (ex-travel) remain strong."

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 $357.94 yesterday.

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