UBS analyst Eric Wasserstrom upgraded MasterCard to Buy and raised his price target for the shares to $226 from $206. The analyst increased his 2019-2021 volume and revenue forecasts primarily to reflect the company's strategic initiatives to expand into the enterprise business-to-business payments space. As a result, he now considers MasterCard's valuation and risk/reward to be attractive. Strong operating performance will drive positive revisions to consensus earnings forecasts over the next few years, Wasserstrom tells investors in a research note.

Baird analyst David Koning raised the firm's price target on MasterCard to $545 from $525 and keeps an Outperform rating on the shares. The firm thinks Q1 revenue/EPS beat mildly and guidance will be mildly raised. They like the stock over the course of 2024 as a steady grinder.