Compass Point upgraded Mastercard (MA) from Neutral to Buy, setting a price target of $735.00.
The firm noted this action suggests significant upside, expressing long-term favor for payment networks despite broader pressure on payment stocks.
Separately, Mastercard announced strategic partnerships to expand its cross-border payment services.
The company collaborates with STC Bank in Saudi Arabia and botim money in the UAE, utilizing its Mastercard Move capabilities. These initiatives aim to enhance digital money transfers for consumers and businesses in the Middle East, enabling payments to over 120 countries.