MasterCard Price Targets Hover Around $610 With 18% Upside; Bitget Crypto Card Launches
Truist raised its MasterCard price target to $611 from $609, implying over 18% upside from stronger forex benefits and Other Network Assessments. Bank of America trimmed its target to $610 with 18% upside, and MasterCard’s Bitget partnership launched a no-fee crypto card in 11 Latin American countries.
1. Analyst Price Target Adjustments
On February 10, Truist raised its MasterCard price target to $611 from $609, citing expectations of stronger foreign exchange benefits and optimistic Other Network Assessments. Earlier on February 1, Bank of America trimmed its target to $610 following an updated earnings outlook, still implying roughly 18% upside.
2. Bitget Wallet Crypto Card Launch
MasterCard partnered with Bitget Wallet to introduce a no-fee crypto payment card in 11 Latin American countries, enabling users to spend USDC from self-custody wallets with automatic USD conversions. The card supports Apple Pay and Google Pay at over 150 million Mastercard-accepting merchants and reimburses exchange fees up to monthly limits.
3. Outlook and Growth Drivers
These analyst target adjustments, combined with the Bitget card rollout, highlight MasterCard’s potential for upside driven by enhanced network assessments, foreign exchange gains and expansion into emerging crypto payment solutions.