🎁$MA Closed at $407.8 and Reached All-time High, Break Out or Break Down?
1. $MasterCard(MA)$ Rose 1.13% and Hit ALL Time High
$MasterCard(MA)$ closed at $407.8 on Monday, breaking out of a 2 year base into new all time highs. Will this time a break out or break down?
2. Does $MasterCard(MA)$ Worthy and Cheap?
Business:With nearly 3 billion credit and debit cards on its payment network, Mastercard is the clear No. 2 payments processor to Visa's card base of 4.2 billion.
Earnings Summary: Mastercard (MA) Q2 2023 Earnings Call Transcript Summary @TigerGPT Net revenue up 15% and operating income up 16% versus a year ago on a non-GAAP currency-neutral basis. Analysts expect that the company's non-GAAP (adjusted) diluted EPS will rise by 17.5% annually for the next 5 years.
Mastercard’s Q2 2023 earnings infographic
Valuation: $MasterCard(MA)$ PE Ratio for Aug. 28, 2023 is 38.19. According to DCF valuation model created by Alpha Spread, estimated DCF Value of one $MasterCard(MA)$ stock is $218.42. Compared to the current market price of $407.44, the stock is overvalued by 46%.
YTD 2023: $MasterCard(MA)$ has experienced a 0.52% weekly gain and a 3-month gain of 2.57%. The YTD 2023 is 17.36%.
Target Price From Tiprank: Based on 17 Wall Street analysts offering 12 month price targets for $MasterCard(MA)$ in the last 3 months. The average price target is $465.29 with a high forecast of $526.00 and a low forecast of $430.00. The average price target represents a 14.52% change from the last price of $406.31.
3. More Discussions on $MasterCard(MA)$
Cited from Financial Networking Group: $MasterCard(MA)$ has been unstoppable for so many years since going public, it has returned over 30%, annually compared to just under 10% for the stock market. Total Return since $MasterCard(MA)$ went public >11,237%; $S&P 500(.SPX)$ >397%.
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Cited from Rockyy, Chief Director at The Stock Trader Hub: $MasterCard(MA)$ broke all time highs today. Could see a retest of $405 or a break towards $410 and $420. Looking for calls above $408. Indicators look good. News- Mastercard Joins Forces With UAE Government To Advance National Artificial Intelligence Strategy.
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4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)
Do you think the price of $MasterCard(MA)$ will go up? Why and What’s your target price?
Any other stocks are shaping the same pattern?
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The stock reaches its all time high, the next target price will be $450 followed by $500! How do you think?
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Based on the information provided, here is a summary of the analysis of MasterCard (MA) from different dimensions:
Bullish Points:
Net revenue and operating income have increased compared to the previous year.
Consumer spending remains resilient, with a focus on experiences and travel.
Domestic volume growth is healthy.
Cross-border travel has reached 154% of 2019 levels in Q2.
Click to Pay transactions grew over 70% YoY in Q2.
New partnerships and deals with financial institutions and businesses.
Introduction of MasterCard Multi-Token Network (MTN) for blockchain transactions.
Resigned long-standing partnerships with Lufthansa Group and welcomed Deutsche Bank as the new issuing partner.
Leveraging personalization and Test & Learn capabilities to enhance customer experience and improve acquisition and conversion rates.
Established collaborations in open banking.
Bearish Points:
Inflation remains elevated and tight monetary policy across many countries.
Moderation in inflation and spend in select international markets.
Operating expenses increased, including a minimal impact from acquisitions.
FedNow launch could create competition in the market.
Lower growth rates in real-time ACH infrastructure compared to other value-added services.
Deceleration in cross-border volume growth from April to June.
Analysts' Opinion:
The mean target price estimate from 38 analysts is $453.13, with a low estimate of $400.0 and a high estimate of $529.0.
10 analysts recommend, 25 analysts buy, and 5 analysts hold the stock.
Based on the provided information, it is not possible to determine a specific target price for MasterCard (MA). The target price estimates from analysts range from $400.0 to $529.0.
As for other stocks shaping a similar pattern, the information provided does not mention any specific stocks that are shaping the same pattern as MasterCard.
Reference articles:
Mastercard (MA) Q2 2023 Earnings Call Transcript
Mastercard (MA) Q2 2023 Earnings Call Transcript Summary
These Are The Best Employers In MA: New Forbes Ranking
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Mastercard Is Still Elusive For Me
it is trading at around p/e:39 and over 70 times price to book ratio.
with high interest rate people will cut back spending too .
i say sell before it is too late .
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Mastercard $MasterCard(MA)$has consistently delivered impressive returns to shareholders, outperforming tech-focused indices. The global shift towards electronic payment methods presents growth opportunities for Mastercard. Technical analysis suggests a potential breakout for Mastercard's stock price, indicating further momentum in the future. Mastercard's revenues have nearly tripled over the last ten years, with sales growing steadily and expected to continue growing at a rate of ~13% annually. Mastercard's EPS has increased by 320% in the past decade, growing faster than sales due to share buybacks and economies of scale.