Mastercard

MA · NYSE

$620.42+$4.02 (+0.65%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $616.40

MA analyst rating

BuyConsensus of 26 analysts over the last 12 months. 96% rate it a buy.

Strong buy1
Buy24
Hold1
Underperform0
Sell0

12-month price target · 46 analysts

Average $678.69 (+9.4% upside)

Low: $552.79
Now: $620.42
High: $777.00

Upgrades and downgrades

The latest rating actions, newest first

MA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Baird	Oct 9, 2026	Maintains	Outperform	$660.00 → $710.00	66%
RBC Capital	Aug 31, 2026	Maintains	Outperform	$642.00 → $696.00	64%
Wolfe Research	Aug 25, 2026	Maintains	Outperform	$680.00 → $740.00	59%
Truist Securities	Aug 5, 2026	Maintains	Buy	$554.00 → $633.00	68%
Cantor Fitzgerald	Aug 3, 2026	Maintains	Overweight	$650.00 → $695.00	49%
UBS	Jul 31, 2026	Maintains	Buy	$640.00 → $670.00	45%
Macquarie	Jul 31, 2026	Maintains	Outperform	$665.00 → $670.00	47%
RBC Capital	Jul 31, 2026	Maintains	Outperform	$629.00 → $642.00	64%
Morgan Stanley	Jul 31, 2026	Maintains	Overweight	$679.00 → $681.00	57%
TD Cowen	Jul 31, 2026	Maintains	Buy	$664.00 → $667.00	85%

The case for and against

Updated Oct 14, 2026

Bull case

Mastercard is well positioned by resilient consumer spend, a diversified global network spanning over 200 countries and more than 150 currencies, and durable transaction demand that supports a close to $11 trillion 2025 volume base. Its outlook is further strengthened by value-added services growing in the high teens to low 20s, now a meaningful share of revenue, which broadens monetization beyond core payments and helps offset any temporary cross-border softness. The company’s push into stablecoin infrastructure, tokenized settlement, and agentic commerce also supports a long runway for new payment flows, reinforcing a durable long-term growth profile.

Bear case

Mastercard is facing a negative outlook because its growth is increasingly dependent on cross-border and international volumes, which have slowed materially in April and into CY2Q as Middle East conflict, portfolio shifts, and calendar timing pressure travel-related activity. Despite processing close to $11 trillion in volume during 2025, the company still faces a competitive payments market, potential commoditization, and vulnerability to weaker consumer spending, all of which could restrain high-margin revenue growth. Ongoing headwinds from the Capital One debit migration through 2Q26, softer RoW growth versus consensus, and investor concern that 2H26 expectations may prove too optimistic suggest limited near-term upside in fundamentals.

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