Daiwa upgraded Mastercard (MA) from a Neutral to an Outperform rating. The firm increased the price target from $605 to $610.
The upgrade follows Mastercard's strong fourth-quarter results and a positive outlook for the 2026 fiscal year. The recent renewal of the Capital One contract provides additional stability.
Daiwa analysts believe the current share price appears undervalued, despite concerns about policy uncertainty. This valuation drives the firm's positive stance on future prospects.