Just in: Truist analyst Matthew Coad lowers MasterCard $MA price target to $612 from $640, maintaining a Buy rating. FinTech sector setup looks solid despite recent underperformance. Crypto/stablecoin discussions expected to dominate earnings calls. #FinTech #Crypto
Deutsche Bank Initiates Coverage on Fintech—Buy on $TOST, PT $54 Analyst comments: "We are resuming coverage on 25 stocks in the Payments, Processors, & IT Services industry with 9 Buys, 14 Holds, and 2 Restricted ratings. Both the Payments & Fintech and IT Services industries
Deutsche Bank Starts Covering Mastercard with a Buy Rating and Sets a Price Target of $650 💳📈
TD Cowen has raised the price target for MicroStrategy (MSTR) shares to $680 from $590, citing the company's position as the largest corporate holder of Bitcoin with 601,550 BTC after a recent $472.5 million purchase. The investment bank forecasts Bitcoin could reach $155,000 by December 2025, with a base case price of $128,000 and a downside scenario of $55,000. TD Cowen recommends investors buy MicroStrategy's preferred stock to gain income and reduce volatility. Separately, Deutsche Bank has initiated coverage on Mastercard (MA) with a Buy rating and set a price target of $650. However, Truist analyst Matthew Coad has lowered Mastercard's price target to $612 from $640 while maintaining a Buy rating, noting that the fintech sector remains solid despite recent underperformance and that crypto and stablecoin topics are expected to feature prominently in upcoming earnings calls.