BofA Reinstates Coverage of Mastercard Incorporated (MA) With a Buy Rating

Mastercard Incorporated (NYSE:MA) is one of the best stocks that will always grow.

BofA reinstated coverage of Mastercard Incorporated (NYSE:MA) with a Buy rating on March 5, setting a price target of $700.

In a separate development, Mastercard Incorporated (NYSE:MA) announced on March 4 the completion of a pilot delivering its first authenticated agentic transactions in Malaysia. This marks a notable step for trusted AI‑powered commerce, with management stating that the pilot was conducted with CIMB Group Holdings Berhad, Malayan Banking Berhad, and RHB Banking Group using Mastercard Agent Pay. It was initiated by AI agents in a controlled pilot environment, ensuring transparency, security, and full consumer control.

Mastercard Incorporated (NYSE:MA) further stated that the pilot exhibited the ways AI can support consumers in the completion of everyday tasks seamlessly and securely, such as transportation. An AI agent booked a ride from Kuala Lumpur International Airport to KL Sentral through

, a global mobility provider, in the inaugural test case, with the booking and agentic transaction facilitated by CardInfoLink’s AI agent. Tokenized credentials authenticated with Mastercard Payment Passkeys were used by the transaction to ensure strong customer verification and data protection. Mastercard Incorporated (NYSE:MA) reported that while the technical and operational feasibility of agentic transactions in Malaysia was confirmed by the pilot, commercial deployment will be rolled out in phases.

Mastercard Incorporated (NYSE:MA) is a technology company that provides payment solutions for developing and implementing debit, credit, prepaid, commercial, and payment programs via its brands. Its portfolio includes Mastercard, Cirrus, and Maestro. The company also offers intelligence and cyber solutions.

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