Truist Raises Price Target for Mastercard to $623, Keeps Buy Rating

Truist raises its price target on Mastercard (MA) to $623 from $612 and maintains a Buy rating. The firm is optimistic about Mastercard's strong fiscal Q2 earnings and raises its FY26 EPS view by 14c to $19.23. Net revenue for Q2 2025 grew 17% to $8.1 billion, with gross dollar volume and purchase volume increasing 9% and 10%, respectively, on a local currency basis.

Truist Financial Corporation has raised its price target on Mastercard Incorporated (NYSE:MA) to $623 from $612, while maintaining a Buy rating. The financial services firm expressed optimism about Mastercard's strong fiscal Q2 earnings and subsequently increased its FY26 EPS view by 14 cents to $19.23 [1].

Mastercard Incorporated reported its fiscal Q2 2025 results on July 31, with net revenue for the quarter growing by 17% to $8.1 billion. Gross dollar volume and purchase volume increased by 9% and 10%, respectively, on a local currency basis [1].

Truist's positive outlook on Mastercard is supported by the company's robust performance in the second quarter, which includes significant growth in key financial metrics. This move reflects the firm's confidence in Mastercard's ability to sustain its growth trajectory and deliver strong earnings in the future.

References:
[1] https://finance.yahoo.com/news/truist-raises-pt-mastercard-incorporated-114603189.html