Mastercard Inc
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Information Technology : IT Services | Large Cap Growth
Company profile

Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. The Company's products include consumer credit, consumer debit, prepaid and commercial. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing solutions.

Closing Price
$386.17
Day's Change
-0.32 (-0.08%)
Bid
--
Ask
--
B/A Size
--
Day's High
389.10
Day's Low
383.67
Volume
(Average)
Volume:
2,725,766

10-day average volume:
2,817,748
2,725,766

Fisker, QuantumScape join 'buy' list at Morgan Stanley

11:57 am ET February 12, 2021 (MarketWatch)
Print

By Claudia Assis

In another sign that Wall Street is keeping electric-car makers and adjacent companies firmly in its sights, Morgan Stanley started covering the stocks of Fisker Inc. and several others.

Shares of Fisker (FSR), the EV maker that went public in October (https://www.marketwatch.com/story/fisker-is-going-public-five-things-to-know-about-the-electric-car-maker-ahead-of-its-ipo-2020-07-14) through a blank-check company, got a buy rating, as did shares of QuantumScape Corp. (QS), which also went public last year through a SPAC and made waves in December by what it described as a breakthrough in solid-state battery technology (https://www.marketwatch.com/story/quantumscape-stock-rallies-nearly-20-after-battery-showcase-2020-12-09).

As more auto makers and companies such as Apple Inc., which reportedly has been developing an electric car for years, work to secure a domestic supply of solid-state batteries, QuantumScape "may be very well positioned," the analysts, led by Adam Jonas, said in their note Friday.

If the technology, which has been lauded by several, works at scale "we see scope for (QuantumScape) to become one of the largest companies under our coverage," he said.

As for Fisker, it stands out "as one of the more de-risked and strategically underpinned business models," Morgan Stanley said. Investors may be underestimating Fisker's path to commercialization with the deal with auto parts maker Magna International Inc. (MG.T) it inked in January (https://www.magna.com/company/newsroom/releases/release/2021/01/04/news-release---magna-expands-with-fisker-secures-full-adas-system-business).

The analysts set a price target of $70 for QuantumScape and of $27 for Fisker, representing upside of 30% and 40%, respectively, from Friday prices.

Morgan Stanley started EV pickup maker Lordstown Motors Corp. (RIDE) at their equivalent of sell, saying that the company faces "a flood of new competition in EV pickups from startups to legacy OEMs with far greater scale and distribution advantages." It set its price target on Lordstown at $18, representing a downside around 35% from Friday prices.

Battery startup Romeo Power Inc. (RMO) was also started at the equivalent of a sell rating. The company "sits in the middle/downstream part of the value chain of batteries and does not appear to be involved in vehicle design or cell technology," the analysts said.

Too much of its contracted revenue comes from Nikola Corp. (NKLA) and Canada-based Lion Electric Co , and the stock performance is tied to how quickly Romeo can convert orders and maintain margins in face of "intense competition." The analysts had a $12 price target on Romeo, representing a downside around 30%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

February 12, 2021 11:57 ET (16:57 GMT)

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