Visa, Mastercard catch price target hikes by MoffettNathanson on valuation

Investing.com

July 7, 2023 at 10:43 a.m.·1 min read

Investing.com -- Payment giants Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) are relatively cheap stocks to buy now, according to analysts at MoffettNathanson, which raised its price targets for each.

The firm raised its price target on Visa to $320 from $290 and on Mastercard to $490 from $460.

Shares of Visa slipped 0.5% on Friday but are up 14% so far this year. Shares of Mastercard also slipped 0.5% and are up 12% this year.

The analysts note that Visa and Mastercard valuations have reset largely on technical grounds: investors have been rotating out of some sectors to catch onto shares in the artificial intelligence sector.

“Business momentum is strong – the networks have both delivered nine straight quarters of positive surprises on revenues and EPS – and they are not facing any new or unusual risks or threats of disruption that would pressure their valuation,” the firm said of the stocks.

The firm reiterated its outperform rating on both Visa and Mastercard.

Visa, Mastercard catch price target hikes by MoffettNathanson on valuation

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.55%

Republicans question BlackRock fund governance, revisiting old concerns

Yahoo Canada Style
Lululemon dropped tons of new We Made Too Much finds — shop belt bags, leggings & more starting under $20
Shop special prices on the latest WMTM drop.
Investor's Business Daily
After Dow Jones Tops 40,000, All Eyes On Nvidia; 5 AI Stocks Near Buy Points
The Dow Jones closed above 40,000 for the first time. Nvidia earnings loom large, especially for AI stocks.
PA Media: Sport
‘Happy’ Oleksandr Usyk to take a break after nine months of sacrifices pay off
The Ukrainian beat Tyson Fury in Riyadh to prove he is the best heavyweight of his generation.
The Independent
F1 Imola GP 2024 LIVE: Race updates, times and results as Max Verstappen leads
Verstappen leads from pole for the Emilia Romagna GP with Lando Norris in second early on
BBC
Leading business figure Sir Anthony O'Reilly dies
He built an international media business which at one stage owned more than 100 newspapers.
Daily Meal
5 Store-Bought Meatloaf Meals To Buy And 5 To Avoid, According To Customer Reviews
We don't always have time to make meatloaf, and that's where store-bought options come in. Here are the meatloaves worth your money, according to customers.
Yahoo Life Shopping
Overpacker? Bring these genius foldable hangers — they're just under $1 each right now
If you like having vacay-outfit options, you may need to bring some hangers along — these doodads are here to help.
KMGH - Denver Scripps
Colorado weather: Severe storms possible on eastern plains
Another cold front will drop into the state early next week, bringing slightly cooler temperatures and a better chance of afternoon and evening storms Monday and Tuesday.
Reuters
U.S. regulators reconsider capital hike for big banks, WSJ reports
Top officials from all three agencies involved in the pending capital rules—the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC)—are still discussing substantive and technical revisions and there is no guarantee that an agreement will be reached, the WSJ reported. The Fed, the FDIC and the OCC did not immediately respond to Reuters' requests for comment.
Digital Spy
New Supergirl movie with Milly Alcock confirms 2026 release date
DC's upcoming Supergirl movie starring House of the Dragon's Milly Alcock has received an official release date.
Associated Press Videos
Slovak prime minister remains in 'serious' condition but worst fears have 'passed', minister says
The condition of Slovak Prime Minister Robert Fico remains "serious" but worst fears have "passed", the country's defence minister told journalists on Sunday. (AP video shot by Lefteris Pitarakis)
Reuters
Comet fragment lights up sky over Spain and Portugal 'like a movie'
But it later said it appeared to be a "small piece of a comet" and not a meteor, estimating it flew over Spain and Portugal at a speed of 45 km (28 miles) per second before burning up over the Atlantic. Another video showed the skies of Porto, Portugal's second biggest city, turning bright for a few seconds. Lisbon resident Bernardo Taborda, 31, told Reuters he was walking around the city with friends when the sky suddenly turned bright green: "It almost looked like daylight ... we all looked back and saw it."
Yahoo Life Shopping
Never scrub your fridge again! These easy-wipe liners are on sale for only $1 apiece on Amazon
'Makes cleanup so very easy,' wrote one happy fan.
Evening Standard
Number of migrants crossing Channel rises closes to 10,000 mark so far this year
Two more small boats have been seen arriving on Sunday.
Evening Standard
Chelsea vs Bournemouth LIVE! Premier League match stream, latest team news, lineups, TV, prediction today
Blues looking for top six finish
The Independent
Who is Roaring Kitty, the 2021 GameStop stock booster, and why did he suddenly return?
Why did Roaring Kitty return, and what — if anything — does it mean for the future of GameStop’s stock prices?
Daily Meal
Don't Let Bad Weather Stop You: What To Know Before Grilling In The Rain
Just because it's wet out doesn't mean you can't grill. Here's our best tips on how to pull off a successful barbeque even when it's raining.
Tasting Table
11 Mistakes To Avoid When Making Biscotti From A Lifelong Baker
The beauty of biscotti is in its snap, but unlike many cookies, the bake has some specific steps you need to follow. These are the mistakes you need to avoid.
Reuters
US race-neutral lung assessments to have profound effects, study finds
A guideline for U.S. doctors to ignore race in assessing lung health will likely have profound effects beyond the intended improvements in medical care, such as increasing disability payments and disease diagnoses for Black patients while boosting their job disqualifications, a study found on Sunday. Asian and Black patients will move forward on U.S. lung transplant waiting lists, with 4.3 fewer days of expected wait time, while Hispanic and white candidates will move back, having to wait 1.1 days longer on average, according to a report of the study in the New England Journal of Medicine.
The Telegraph
Watch: Blue meteor lights up Europe’s skies
A blue meteor lit up the sky over Europe last night as a chunk of comet burned up in the atmosphere.

Latest Stories