Mastercard Incorporated (MA) continues to attract investors and industry bigwigs alike, with billionaires expressing optimism about its growth. The stock has performed robustly over the long-term, backed by its consistent earnings and positive market sentiment. Highlighting this is Kathmere Capital Management's new investment, and Warren Buffett's endorsement naming the company a good long-term stock to buy.
Brokerage houses have given a consensus recommendation of 'Moderate Buy'. MA is viewed as one of the best fintech stocks and digital payment stocks to invest in. Several investment firms, including Xponance, Magnetar Financial, and DSM Capital, have recently adjusted their stakes, whereas Vulcan Value Partners sold a significant portion of its holdings.
The company's share ownership is heavily dominated by institutional investors, contributing to the positive market sentiment.
On the growth front, Mastercard has made significant strides in improving its consumer fraud risk solutions with artificial intelligence. It has partnered with Safaricom to boost digital payments in Kenya, further cementing its position in the global digital payments landscape.
Additionally, Mastercard's second-quarter results defied forecasts and the company has announced a quarterly dividend. The shares are up about 11.6% year-to-date.
Mastercard Incorporated MA News Analytics from Mon, 18 Mar 2024 07:00:00 GMT to Sun, 29 Sep 2024 10:06:09 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -3
