-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下： 在審查了第一季業績後，我們維持對MA未來12個月的目標價為690美元，基於2027年每股收益預期23.00美元，該估值較MA過去五年的平均市盈率34.5倍有所折讓，原因是地緣政治不確定性加劇，以及監管機構尋求加強對美國網絡競爭的監管壓力。我們將2026財年的每股盈餘預期從19.97美元上調至20.11美元，並將2027財年的預期從22.48美元上調至23.00美元。在Visa業績亮眼之後，我們對MA較為平淡的第一季業績感到有些失望。然而，MA持續展現出強大的創新能力。加值服務目前佔總營收的近40%，使其業務對經濟週期的敏感度降低。該公司也在為兩個關鍵領域的新興機會做好準備：代理商務，該公司已準備好利用預期中的快速增長；以及穩定幣，該公司擬收購 BVNK 將提供發送、接收、轉換和持有數位貨幣的關鍵技術。
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