- Barclays analyst sess a modest deceleration in Q1 card-present spending and mixed global online volume growth (both on a 2019 CAGR basis).
- Despite the slowdown, it believes that the card spending environment remains healthy, which should be a plus for networks/acquirers/processors.
- Based on Visa Inc (NYSE: V). Based on intra-quarter filings up to February 2022 and other macro indicators Barclays believed that the global C1Q spending environment was stable with a cross-border recovery. However, macro, geopolitical worries remain focussed due to Ukraine, inflation rates and other regs.
- Barclays had an Overweight rating with a price target of $260 (21.9% upside) on Visa.
- In the middle PayPal Holdings Inc (NASDAQ: PYPL) strategy shift on new user adds, Barclays thinks investors should be prepared for a harsh result on NNAs, perhaps even negative q/q growth.
- This quarter is comparable to the most difficult in the past year and could be a clearing event for stock.
- Barclays had an Overweight rating with a price target of $200 (90.2% upside) on PayPal.
- Despite a volatile macro backdrop (Ukraine, Inflation, Fuel Prices, Rates, etc.The leading indicators point to a generally healthy spending environment for Q1 Mastercard Inc (NYSE: MA).
- Omicron cases declined in the first quarter. Street expects to see if there is a cross-border recovery that will help offset macro pressures.
- Barclays had an Overweight rating with a price target of $420 (18.2% upside) on Mastercard.
- Price Action MA shares traded higher by 1.28% at $359.70 on the last check Thursday.
- Photo by Republica via Pixabay
V Ratings: Latest Updates
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2022 | Barclays | Keep it up | Overweight | |
| Jan 2022 | Wedbush | Keep it up | Outperform | |
| Jan 2022 | Raymond James | Keep it up | Outperform |
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