Name of opportunity: 👀
Mastercard Inc
Key metrics going up, up, up: 🎈
Mastercard’s second quarter results included a number of key metrics that are driving interest in the stock from investors. Net revenue has increased year-on-year by 11%, from US$6.3 billion this time last year to $7.0 billion.
Diluted earnings per share (EPS) also improved - Q2 2024’s EPS figure was US$3.50 compared to US$3.00 for Q2 2023. This was better than Wall Street had estimated.
Value added services showed a high level of growth, increasing by 18%, and MasterCard also shared cross-border volume growth of 17% on a local currency basis.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Mastercard Inc. will increase from $465.08 to $500.94 in the next 12 months. If you invested $1000, you might profit $80.28.
Mastercard’s strong second quarter performance will have encouraged analysts, and much of the chat about the company and its stock in the news is around how good those earnings are. The American company performed well in some international markets, particularly in Europe and Latin America.
In a statement from Sachin Mehra, Mastercard’s Chief Financial Officer, he said in the future Mastercard saw lots of opportunities ahead to reach markets where people mostly use cash. Mehra mentioned Africa and may have been alluding to MasterCard’s recent project, Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, which aims to improve digital access in remote communities.
Mastercard is currently rated by analysts as a ‘Buy’ - but as you can see, it’s much closer to ‘Strong Buy’ than it is to ‘Hold’.
Put it on my card: 💳
Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The company is headquartered in New York, US. Its biggest rival is Visa, who are one of the other predominant debit and credit card card issuers in North America.
Which neme?: 🔍
‘Largest US Stocks’, ‘Popular Dividends Stocks’, ‘This Week’s Earnings’.
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