UBS Reiterates Buy Rating on MasterCard (MA) After CFO Chat

UBS analyst Timothy Chiodo reiterated a Buy rating and $640.00 price target on MasterCard (NYSE: MA).

The analyst commented, "We hosted Sachin Mehra (current Chief Financial Officer and transitioning to Chief Business Officer, effective August 2026), Ling Hai (current President of APEMEA and incoming Chief Financial Officer, effective August 2026), and Devin Corr (Head of Investor Relations) for three days of investor meetings in San Francisco, Denver, and Los Angeles. Key topics of discussion included: 1) Competitive environment and cadence of portfolio wins; 2) Agentic commerce, including Agent Pay for Machines; 3) The acquisition of BVNK; 4) VAS&S thoughts; 5) Cross-border travel; 6) Relative net revenue growth considerations; 7) Commercial payments opportunity; 8) MDL-1720, and more. Overall, while the discussions were aligned with previous disclosures, we came away with added confidence in Mastercard's medium-longer-term growth outlook and durability (with the company well positioned for new/emerging use cases and payment flows), and continue to believe that Mastercard stock is attractive. Our most recent reverse DCF analysis suggests the current share price implies a ~4% net revenue CAGR from 2031-2040E, a level which we believe to be meaningfully below what will ultimately be realized. Further, we continue to believe that both Visa & Mastercard will compound revenue in the ~LDD (or higher in certain years) over the medium-term, while certain discrete items this year (benefiting Visa and negatively impacting Mastercard) are expected to normalize going forward."

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 $494.41 yesterday.

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