Analysts Offer Insights on Financial Companies: SpareBank 1 SMN (OtherSRMGF), Erste Group Bank (OtherEBKOF) and Mastercard (MA)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2024
0mins
Should l Buy MA?
Source: Business Insider
SpareBank 1 SMN and Erste Group Bank Ratings: Analysts have maintained a Hold rating for SpareBank 1 SMN with a price target of NOK171.00, while Erste Group Bank received a Buy rating with a price target of EUR59.70, indicating potential upside for both stocks.
Mastercard Analyst Consensus: Mastercard has a Strong Buy consensus among analysts, with a current price target of $558.58, despite a Hold rating reiterated by Monness analyst Gustavo Gala.
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Analyst Views on MA
Wall Street analysts forecast MA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MA is 684.13 USD with a low forecast of 525.00 USD and a high forecast of 1088 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Analyst Rating
20 Buy
4 Hold
0 Sell
Strong Buy
Current: 535.330
Low
525.00
Averages
684.13
High
1088
Current: 535.330
Low
525.00
Averages
684.13
High
1088
About MA
Mastercard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide by enabling electronic payments and making those payment transactions secure, simple, smart and accessible. It provides a range of payment solutions and services using its brands, including Mastercard, Maestro and Cirrus. It operates a payments network that provides choice and flexibility for consumers, merchants and its customers. Through its proprietary global payments network, it switches (authorizes, clears and settles) payment transactions. Its additional payments capabilities include automated clearing house (ACH) transactions (both batch and real-time account-based payments). It offers security solutions, consumer acquisition and engagement, business and market insights, gateway, processing and open banking, among other services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Visa and Mastercard's Competitive Edge: Unlike credit card issuers, Visa and Mastercard do not assume credit risk, and while the proposal may reduce credit card spending, these companies continue to earn fees from transactions, benefiting from a strong network effect and maintaining high profit margins.
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- Timeliness of Digital Euro: Weimert expressed concerns about the European Central Bank's plan to issue a digital euro by 2029, suggesting it may arrive too late to address potential diplomatic tensions, thereby impacting Europe's payment independence.
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- Enhanced Payment Convenience: Operating on blockchain technology, stablecoins offer 24/7 settlement, reducing payment times from days to seconds, which could attract more attention from banks and payment networks amid increasing demand for fast transactions.
- Attractive Yields: Some stablecoins provide appealing yields to consumers, with predictions that nearly $500 billion in bank deposits will flow into stablecoins by 2028, highlighting their potential as a high-yield alternative that could alter consumer saving habits.
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See More
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