Truist Raises PT on Mastercard Incorporated (MA) to $623 From $612

Mastercard Incorporated (NYSE:MA) is one of the top most profitable NYSE stocks to buy now. On August 6, Truist raised the firm’s price target on Mastercard Incorporated (NYSE:MA) to $623 from $612 while keeping a Buy rating on the shares.

The firm told investors in a research note that it is optimistic about Mastercard Incorporated’s (NYSE:MA) “strong” fiscal Q2 earnings, adding that it is boosting its estimates across the company’s primary metrics.

The firm is thus raising its FY26 EPS view by 14c to $19.23.

Mastercard Incorporated (NYSE:MA) reported its fiscal Q2 2025 results on July 31, with net revenue for the quarter experiencing a 17% growth (16% on a currency-neutral basis) to $8.1 billion.

Gross dollar volume for fiscal Q2 2025 rose 9% and purchase volume grew 10%, on a local currency basis.

Mastercard Incorporated (NYSE:MA) is a technology company that provides payment solutions for developing and implementing debit, credit, prepaid, commercial, and payment programs via its brands. Its portfolio includes Mastercard, Cirrus, and Maestro. The company also offers intelligence and cyber solutions.

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Disclosure: None. This article is originally published at Insider Monkey.