Mastercard Inc Class A
MA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$797.00 | Lcmz | Fytqqyl |
Mastercard Maintains Outsized Growth in Second-Quarter 2022
Mastercard’s second-quarter results largely echoed what we saw from Visa, although Mastercard posted stronger growth. We think the bounce-back in travel and cross-border volumes positions wide-moat Mastercard for outsized growth in the near term, absent an economic downturn. To that point, management joined Visa in stating that consumer spending remains strong. We will maintain our $369 fair value estimate.