Piper Sandler initiated coverage Monday Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) with Overweight ratings, citing their strong positions in the global payments landscape and potential for sustained growth.
Analyst Arvind Ramnani said that Visa and Mastercard are attractive businesses to own. They’re both poised to benefit from:
Scale
Extensive FinTech ecosystem partnerships
Exposure to sustainable secular growth within digital payments
Both companies have significant tech investments, including in generative AI, which could drive upside to fundamentals, according to Ramnani.
Also Read: How Mastercard’s Q1 Results Compare With Rival Visa: 3 Analysts Provide Their Takes
Mastercard’s Growth Drivers
Ramnani expects Mastercard to deliver 11.0% this year and 12.7%+ revenue growth by FY25. He also expected the company to report mid-to-high teens EPS growth over the next three years.
Ramnani sees several drivers for Mastercard’s growth, including its strong Payment Network revenue growth and the ...Full story available on Benzinga.com
Related tickers: MA, V.
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