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Investing.com - UBS has reiterated its Buy rating on Mastercard (NYSE:MA) stock, maintaining a price target of $670.00 following the company’s virtual information session on agentic commerce and stablecoins. The financial services giant, currently trading at $553.02 with a market capitalization of $502 billion, has demonstrated strong momentum with a 25% return over the past year.
The information session was led by Jorn Lambert, Chief Product Officer, and Raj Seshadri, Chief Commercial Payments Officer, who discussed Mastercard’s recent developments in these emerging areas.
Mastercard highlighted opportunities to play a key, trusted role in the next generation of shopping and commerce through the launch of Mastercard Agent Pay, its entry into agentic commerce.
Regarding stablecoins, Mastercard identified three specific areas of opportunity: on-ramp and off-ramp services for purchasing and spending stablecoins via card networks; partnering with financial institutions to offer consumer choice and embed stablecoins into payments; and applications for certain cross-border and B2B payment use cases.
UBS’s maintained Buy rating suggests continued confidence in Mastercard’s strategic direction as the company expands into these new payment technologies and digital currency initiatives. With analyst targets ranging from $500 to $690 and a strong consensus recommendation, Mastercard shows promising potential. For deeper insights and 8 additional ProTips about Mastercard’s valuation and growth prospects, visit InvestingPro.
In other recent news, Visa (NYSE:V) and Mastercard are facing legal challenges after a London tribunal ruled that their default multilateral interchange fees charged to retailers violate European competition law. This decision is part of ongoing lawsuits from hundreds of merchants against the payment processors, with both companies planning to appeal the ruling. Additionally, Mastercard has sold its Arcus unit in Mexico to Argentine fintech startup tapi, which aims to expand its operations in Latin America through this acquisition. The financial terms of the deal were not disclosed, but it was confirmed as an all-cash transaction. Meanwhile, Mastercard stockholders have approved all management proposals at the company’s annual meeting, including the election of 12 directors and executive compensation. Furthermore, Mastercard announced a quarterly cash dividend of 76 cents per share, payable in August 2025. The company did not indicate any changes to its dividend policy.
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