In a report published Thursday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Overweight rating and $88.00 price target on Mastercard Inc (MA.
In the report, Morgan Stanley noted, “Fundamental growth potential remains strong and we believe the company can continue to generate 20%+ EPS growth over the next several years. Growth potential in underpenetrated emerging markets could be aided by increased adoptions of mobile/smartphones. Regulatory risks in Europe appears manageable, though will take a while to play out. Cash generation capability allows for continued share buybacks.”
Mastercard Inc closed on Wednesday at $76.22.
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