.September 12, 2024 05:08:31 PM

KeyBanc sets a new price target of $515 for MasterCard (NYSE:MA), indicating a potential upside of 4.65%. MasterCard acquires global threat intelligence company Recorded Future for $2.65 billion to enhance cybersecurity infrastructure. The acquisition aims to strengthen security in the digital economy, particularly in the payments ecosystem, amidst a $9.2 trillion global cybercrime issue. The deal reflects MasterCard’s commitment to leveraging AI technologies to detect compromised credit cards and protect customers. Stock price increases by 0.805% to close at $492.11, with positive market reception and strategic moves positioning MasterCard in the competitive payments industry.