Mastercard Inc Class A

MA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$916.00	Vpw	Wwbgkwgh

Mastercard Holds Up Well in Fourth Quarter

Brett Horn

Jan 26, 2023

We think Mastercard’s fourth-quarter results show the wide-moat company holding up relatively well amid a mix of headwinds and tailwinds. As expected, growth is slowing, and uncertainty in the macroenvironment clouds the near-term view. But the company also has some factors working in its favor in the current environment, and the long-term picture remains bright, in our view. We will maintain our $369 fair value estimate and see the shares as fairly valued at the moment.

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