BUZZ-Street View: Analysts bullish on Mastercard's growth as resilient spending fuels bumper Q4

Payments giant Mastercard MA.N reported better-than-expected quarterly profit on Thursday, as consumer spending rode high on solid labor market and continued wage growth

Shares closed 3% higher

At least six brokerages raised PT on stock after results

GROWTH STORY INTACT

J.P. Morgan ("overweight," PT: $610) says there is longer-term growth opportunity with durable double-digit revenue growth and defensive earnings

"Mastercard's business is highly defensible and characterized by recurring revenues, high incremental margins, low capital expenditures, and high free cash flow," brokerage says

TD Cowen ("buy," PT: $599) says co can deliver outsized growth over medium to long term as there is room for digital penetration in global consumer payments

Jefferies ("buy," PT: $660) says faster growth in cross-border volume supports revenue growth in long term

Raymond James ("outperform," PT: $640) says co should continue to drive high-single to low-double-digit revenue growth for at least next three to five years

RBC Capital Markets ("outperform," PT: $650) says value-added services and solutions will continue to support possible acceleration and durability