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Need to Know
Mastercard stock gains as analyst says it can reach a $1 trillion market value in a decade
Shares of Mastercard Inc. are up 0.4% in premarket trading Friday after two analysts raised their price targets on the stock. Baird's David Koning raised his target to $220 from $210 following a meeting with the company's chief financial officer. "We believe Mastercard is well positioned in the war on cash, with innovative weapons ready for battle," Koning wrote. "We appreciate the diversity of revenue across products and geographies...and we anticipate $1 trillion market cap in ~10 years." He has an outperform rating on the stock. Wedbush analyst Moshe Katri raised his price target on Mastercard to $220 from $210, and also turned incrementally more upbeat on a number of other payments names, including Square Inc. , which he rates at neutral. Katri raised his Square target to $75 from $50. Mastercard shares are up 63% over the past 12 months, while Square shares have gained 176% and the S&P 500 has gained 13%.
EA stock gains after Needham raises target, says company is building a 'Netflix for games'
Shares of Electronic Arts Inc. are up 1.5% in premarket trading Friday after Needham analyst Laura Martin raised her price target on the stock to $170 from $135 and wrote that the company was in the midst of building the "Netflix for games." She is upbeat about the company's recently announced Origin Access Premier subscription option, which she said could help EA develop a stronger relationship with its best customers. "It is our view that millennials want to rent content (eg, Spotify [s:spot], Pandora , Netflix , Hulu) rather than own it, and that content companies with data about what their consumers view/play/use create valuation upside from programming, eCommerce, and advertising revenue streams," Martin wrote. EA shares are up 27% over the past 12 months, and the stock has outperformed that of rival Activision Blizzard Inc. . The S&P 500 has gained 13% over the past year.
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Personal finance
![Your loyalty to your credit card brand may be misplaced]()
Your loyalty to your credit card brand may be misplaced
Co-branded cards tend to have higher interest rates, less flexible redemption options and lower rewards rates.
![Boomers vs. millennials vs. Gen X: Who had it worse?]()
Boomers vs. millennials vs. Gen X: Who had it worse?
How the cost of getting ahead has changed.
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Inside Marketwatch
Dollar General shares rise after upgrade on revenue growth potential
Dollar General Corp. shares rose 1.3% in Friday premarket trading after it was upgraded to strong buy from outperform at Raymond James, where analysts cited the company's 8% to 9% annual revenue growth potential. Analysts raised the price target to $115 from $100. Analysts led by Dan Wewer said revenue growth rates for large consumer packaged good companies are typically 2% to 3%. In addition, Dollar General is set to add 900 new location in 2019, announcing Thursday that it will add 7,000 jobs. Raymond James says new stores are an engine of growth for the company. Dollar General shares are up nearly 39% for the past year, outpacing the S&P 500 index , which is up 13% for the period. https://www.marketwatch.com/story/dollar-general-creating-7000-jobs-to-execute-growth-plan-2018-06-21
