1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
There was some noise in Mastercard’s results this quarter, as the company lapped the start of the coronavirus pandemic toward the end of the quarter. However, adjusting for this, we think the results support the idea that Mastercard continues to slowly but steadily inch back toward more normalized growth. We will maintain our $320 fair value estimate and wide moat rating.
Mastercard is the second- largest payment processor in the world, having processed $4.8 trillion in purchase transactions during 2020. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
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