Stock Update (NYSE:MA): Walmart Adds MasterPass by Mastercard Inc to Online and Mobile Checkout

Mastercard Inc (NYSE:MA) announced that Walmart will accept MasterPass in 2016 across its domestic online properties. MasterPass by MasterCard is a digital payments platform that enhances the online and mobile checkout process.

MasterPass is a simple, convenient, trusted digital platform that provides a fast, safe shopping experience at thousands of online merchants. It enables consumers to pay for the things they want with the security they demand, online or mobile, using any device. The platform securely stores payment and shipping information, which is readily accessible when a consumer checks out using the, “Buy with MasterPass” button and logs into their account.

“We have enjoyed a longstanding business relationship with Walmart and are pleased to expand this into the online and mobile channels through MasterPass,” said Michael Cyr, group executive, U.S. Market Development, MasterCard. “With MasterPass, consumers can go online, place their order and pay with just a click. The burden of entering delivery and billing information is eliminated, further enhancing the Walmart online customer experience.”

With mobile making the fast transition from a browsing application to an important sales channel for retailers, MasterPass helps deliver the best possible customer experience across whichever channel customers choose.

U.S. consumers can set up a MasterPass account by visiting the MasterPass website or by signing up with a participating bank. Launched in 2013, MasterPass by MasterCard is free, easy to set up, and available anywhere you see the “Buy with MasterPass” button. It is currently available in 24 countries and is accepted at 250,000 merchants globally. (Original Source)

Shares of Mastercard Inc closed last Thursday at $97.36, down $1.51 or -1.53%. MA has a 1-year high of $101.76 and a 1-year low of $74.61. The stock’s 50-day moving average is $98.10 and its 200-day moving average is $95.74.

On the ratings front, Mastercard has been the subject of a number of recent research reports. In a report issued on December 31, Piper Jaffray analyst Jason Deleeuw reiterated a Buy rating on MA, with a price target of $120, which implies an upside of 23.3% from current levels. Separately, on December 17, Sterne Agee CRT’s Moshe Katri initiated coverage with a Buy rating on the stock and has a price target of $110.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jason Deleeuw and Moshe Katri have a total average return of 7.6% and 13.5% respectively. Deleeuw has a success rate of 51.5% and is ranked #778 out of 3648 analysts, while Katri has a success rate of 72.2% and is ranked #633.

Overall, one research analyst has assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $111.67 which is 14.7% above where the stock closed last Thursday.

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