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%.