MA Mastercard Inc

BULLISH Impact: 3/10 ANALYST-UPGRADE
Processed 21d 19h ago SEC analyst-MA-bmocapit-20260422
BMO Capital initiates coverage on MA at Outperform
Latest settled — T+20d ⚠ clustered
MA ▼ -2.54% at T+20d
LONG call ✗ call lost -2.54% · α vs SPY -6.77% · entry $510.11 → $497.16
Next anchor: T+60d in 5w
Currently $489.98 · -3.95% from $510.11 entry
Entry anchored
Apr 22, 10:44 AM ET
via Databento tick
T+1d
-1.52%
call -1.52% · α -1.13%
$502.36
settled 7w ago
T+5d
+2.68%
call +2.68% · α +2.62%
$523.76
settled 6w ago
T+20d
-2.54%
call -2.54% · α -6.77%
$497.16
settled 24d ago
T+60d
call — · α —
in 5w

Price Chart

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Executive Summary

BMO Capital initiated coverage on Mastercard with an Outperform rating and a $605 price target, implying 21% upside from the current $499.62. The call comes from a firm with a perfect 100% accuracy rate on its three MA calls, though the sample is small. The broader consensus is heavily bullish — 90% of analysts rate the stock Buy (45 of 50). BMO's $605 PT is below the consensus mean of $647 and median of $663, signaling a more conservative bullish stance. Near-term EPS estimates have been revised downward 23 times for the current quarter, creating a tension with the positive analyst catalyst. Congressional buys from Reps. McCaul and Khanna add a modest vote of confidence, while the massive new Norges Bank institutional position signals accumulation. The initiation reinforces the bullish narrative but the soft near-term earnings revisions warrant caution on entry timing.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
45 (90%)
Hold
5
Sell / Strong Sell
0
Total Analysts
36
Mean PT
$646.97
Median PT
$662.50
High PT
$735.00
Low PT
$550.00
Current Price
$499.62
Implied Upside
+29.5%

Of 50 analysts covering MA, 13 rate it Strong Buy, 32 Buy, and 5 Hold — zero Sells. That's 90% Buy-equivalent ratings. The consensus is overwhelmingly bullish, making BMO's Outperform rating fully aligned with the Street view. The initiation does not shift the consensus distribution but reinforces its direction.

Current price: $499.62. Consensus price targets: mean $646.97, median $662.50, high $735.00 (by JP Morgan), low $550.00 (by Evercore ISI). BMO's $605 PT sits 6.5% below the mean and 8.7% below the median, making it one of the more conservative bullish targets. The implied upside from current price to mean is ~29.5%; to BMO's PT is ~21.1%.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-05-12 Truist Securities maintain Buy $561.00
2026-05-01 Macquarie maintain Outperform $665.00
2026-05-01 UBS maintain Buy $640.00
2026-05-01 RBC Capital maintain Outperform $629.00
2026-05-01 Susquehanna maintain Positive $665.00
2026-04-24 Truist Securities maintain Buy $590.00
2026-04-22 BMO Capital initiate Outperform $605.00
2026-04-14 Citigroup maintain Buy $675.00
2026-04-01 Evercore ISI Group maintain In-Line $550.00
2026-03-31 Loop Capital initiate Buy $631.00

In the last 30 days, there have been 0 upgrades and 0 downgrades on MA. EPS revisions paint a mixed picture: the current quarter (0q) saw 23 downward revisions and 0 upward; next quarter (+1q) had 18 down vs 4 up. However, full-year 0y and +1y estimates show 20 and 22 upward revisions respectively, suggesting near-term softness but long-term optimism. The initiation from BMO is the only notable analyst event in the period.

Firm Track Record — BMO Capital

BMO Capital accuracy: 53% on 1844 calls | avg return: 2.3%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
BMO Capital 100% 3/3 10.6% top tier
Piper Sandler 83% 5/6 4.6% top tier
Jefferies 75% 3/4 1.6% top tier
Truist Securities 75% 3/4 0.2% top tier
JP Morgan 71% 5/7 5.3% top tier
Citigroup 67% 4/6 2.4% top tier
Morgan Stanley 67% 4/6 4% top tier
Evercore ISI Group 67% 2/3 4.1% top tier
Mizuho 67% 2/3 2.4% top tier
Keybanc 60% 3/5 3.4% above average

BMO Capital has a 53% accuracy rate on 1,844 total calls across all stocks, with an average return of 2.3%. On MA specifically, BMO is 3 for 3 (100%) with a 10.6% average return, ranking as top tier among MA analysts. The best-performing MA analysts by accuracy: Piper Sandler (83% on 6 calls), Jefferies (75% on 4), Truist (75% on 4). Weakest: B of A, Baird, Barclays, and KBW each at 50% on small samples.

Earnings Estimates

Next earnings: Jul 29, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1q $5.11 $5.00 — $5.21 $9.7B ↑0 ↓0
0y $19.65 $19.44 — $19.93 $37.1B ↑1 ↓0
0q $4.76 $4.61 — $4.85 $9.1B ↑0 ↓0
+1y $22.76 $21.95 — $23.29 $41.7B ↑1 ↓0

Cross-Platform Signals

Congressional
Michael McCaul (republican) — buy $1,001 - $15,000
Congressional
Michael McCaul (republican) — sell $1,001 - $15,000
Congressional
Michael McCaul (republican) — buy $1,001 - $15,000
Institutional
NORGES BANK — new
Institutional
RENAISSANCE TECHNOLOGIES LLC — near_exit (-91%)
Institutional
NORGES BANK — exit (-100%)

No insider trades reported. Congressional activity includes four small buy trades by Rep. McCaul (Republican) and one larger buy by Rep. Khanna (Democrat) — all in April 2026, aligning with the bullish analyst signal. Institutional flows are mixed: Norges Bank opened a massive new $6.7B position (new), while Renaissance Technologies cut 91% of its stake (near-exit). Short interest data is unavailable. The congressional buys and Norges Bank entry confirm the positive analyst view, while Renaissance's exit introduces a divergence.

Actionable Insight

BMO's high-accuracy initiation reinforces the MA bull case, but the $605 PT is below consensus and near-term EPS revisions are negative. Consider accumulating on dips below $480, watching for a catalyst from the July 29 earnings to confirm the longer-term trajectory.

Documents Analyzed

Report based on filing metadata.

6 reports for MA
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+5▲ +3.36%Apr 22, 2026
Filters
Rows
Reports for MA — sortable, filterable
Type Now
Jun 2, 2026
10d ago
DEFA14A
NEUTRAL ★ 3/10
$484.00 awaiting T+20awaiting T+20$489.98 (+1.24%)
May 31, 2026
12d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$518.25 $506.51▼ −2.27%▼ −0.44%$489.98 (−5.45%)
May 22, 2026
21d ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$510.11 $497.16▼ −2.54%▼ −6.77%$489.98 (−3.95%)
Apr 30, 2026
6w ago
8-K
BULLISH ★ 7/10
$501.79 $493.12▼ −1.73%▼ −6.95%$489.98 (−2.35%)
Apr 27, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$507.09 $493.01▼ −2.78%▼ −8.24%$489.98 (−3.37%)
Apr 22, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$510.11 $499.70▼ −2.04%▼ −5.21%$489.98 (−3.95%)
Showing 6 of 6

US Market Status

Market Closed — Opens Mon (49h 41m)

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