Forecast Of The Day: MasterCard’s Payment Volume Per Card
What?
MasterCard’s (NYSE:MA) Payment Volume per Card fell from $1,822 in 2019 to $1,725 in 2020 although it recovered strongly to $1,970 in 2021. Trefis expects the metric to grow to over $2,250 by 2023.
Why?
- Mastercard Stock Lost 7% In One Week, What’s Next?
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- Mastercard Stock To Top The Consensus In Q1?
- Mastercard Stock To Miss The Earnings Consensus In Q4?
- Mastercard Stock Has Lost 7% In A Week, What’s Next?
- Mastercard Stock To Edge Past The Street Expectations In Q3?
While volumes dipped in 2020 due to the impact of Covid-19, the robust economic recovery following the early pandemic and rising consumer spending should drive growth going forward.
So What?
We value MasterCard stock at $410, 20% ahead of the current market price.
See Our Complete Analysis For Mastercard
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