Street View: Mastercard regaining its growth edge on resilient spending
** Mastercard MA.N on Thursday reported Q2 profit above Wall Street estimates, propped up by strong payment spending, particularly in the US and higher-yielding cross-border transactions
** Median PT of 44 brokerages covering the stock is $706 - LSEG-compiled data
GROWTH ADVANTAGE REGAINS TRACTION
** J.P.Morgan ("overweight", PT: $755) says Mastercard is showing signs of regaining its historical growth premium over Visa, citing stronger payment volumes and affluent cardholder spending
** TD Cowen ("buy", PT: $726) sees potential for MA to regain a wider growth lead, driven by resilient cross-border spending, healthy consumer and commercial demand, and opportunities in tokenization, agentic commerce and stablecoins
** Morgan Stanley ("overweight", PT: $712) says "We're reassured that softer cross-border eComm reflects discrete factors rather than weaker demand, while agentic commerce and stablecoins offer incremental upside"
** Argus Research ("buy," PT:$694) expects co to benefit from growth in emerging markets, expanded merchant acceptance, and resilient consumer spending