Joseph Carlson on MA
Joseph Carlson on Mastercard (MA): the quotes, dated.
14 dated quotes about Mastercard stock (MA), selected from all 117 Joseph Carlson videos published since 2025-09-10 — a selected record, not the complete history. Each links to the exact second on YouTube, with MA’s close that day and what the stock did since.
Every quote is reproduced word for word from the video and linked to the second it was said.
- MA close, 2026-10-23
- $623.60
- Price since the first forecast, Nov 24, 2025
- +15.9%
- S&P 500 (SPY), same period
- +13.6%
- vs the S&P 500
- +2.3 pp
- Latest stance, Sep 28, 2026
- Hold, bullish
- Mentions found
- 418 in 59 of 117 videos
The short version
In September 2025 Joseph Carlson called Mastercard a great company at a reasonable price. In November 2025 it was their top conviction and largest position, at $181,000; in December 2025 they said they had bought $77,000 in 30 days. In January 2026 they called a politically driven drop a time to buy. In March 2026 they judged it undervalued, and in April 2026 called its performance underwhelming but rated it a strong buy. In June and July 2026 they rated it a buy at an attractive valuation; in August 2026 they set a $450 buy target; in September 2026 they said they were not touching the holding.
Summary of the quotes on this page. Updated .
What Joseph Carlson said last · Sep 28, 2026
Hold, bullish
“I believe in a world of agentic commerce, MasterCard and Visa will become more valuable, not less. So, I'm not touching that holding.”
Bullish call · Price rose
The price rose since the first bullish quote.
MA from to . Price movement, not the creator’s realized return.
Price up since 14 of 14 quotes · Stock ahead of SPY: 12 of 14
Leaderboard result: Lagged the market (6 months, → ). Scored from the first close after the video, . How it is scored
Joseph Carlson’s price target and valuation calls on MA
A price target, a fair-value estimate and a price worth buying at are different things. Each line below quotes which one was said, and when.
Valuation view
Right now, Mastercard is a great company at a reasonable price.
Valuation view
Then we have the earnings multiple. I think this one deserves maybe a 33 trailing multiple. We get a nice healthy 17% return for a very wide moat company. To me, that's a good d…
Valuation view
It's been left behind in this market. It's down from its highs. It was trading at $600 per share, now it's at 530. Mastercard at a 25 forward P/E, 23 based off 2027's earnings,…
Price and the calls
Use the left and right arrow keys to explore daily closing prices, Home and End for the first and last date, and Escape to dismiss the price tooltip. Tab to a numbered marker and press Enter to jump to its quote. Month-end prices are also available in the table below.
MA · daily close, split-adjusted · 2025-08-20 → 2026-10-23 · source: Yahoo Finance
Table view: month-end closes
| Month end | Close |
|---|---|
| 2025-08-29 | $595 |
| 2025-09-30 | $569 |
| 2025-10-31 | $552 |
| 2025-11-28 | $551 |
| 2025-12-31 | $571 |
| 2026-01-30 | $539 |
| 2026-02-27 | $517 |
| 2026-03-31 | $500 |
| 2026-04-30 | $503 |
| 2026-05-29 | $494 |
| 2026-06-30 | $514 |
| 2026-07-31 | $573 |
| 2026-08-31 | $589 |
| 2026-09-30 | $551 |
| 2026-10-23 | $624 |
Use the left and right arrow keys to explore daily closing prices, Home and End for the first and last date, and Escape to dismiss the price tooltip. Tab to a numbered marker and press Enter to jump to its quote. Month-end prices are also available in the table below.
MA · daily close, split-adjusted · 2025-08-20 → 2026-10-23 · source: Yahoo Finance
Table view: month-end closes
| Month end | Close |
|---|---|
| 2025-08-29 | $595 |
| 2025-09-30 | $569 |
| 2025-10-31 | $552 |
| 2025-11-28 | $551 |
| 2025-12-31 | $571 |
| 2026-01-30 | $539 |
| 2026-02-27 | $517 |
| 2026-03-31 | $500 |
| 2026-04-30 | $503 |
| 2026-05-29 | $494 |
| 2026-06-30 | $514 |
| 2026-07-31 | $573 |
| 2026-08-31 | $589 |
| 2026-09-30 | $551 |
| 2026-10-23 | $624 |
What Joseph Carlson said, when
- 1
— Valuation view
6:11 “Right now, Mastercard is a great company at a reasonable price.”
While reviewing his portfolio, he noted Mastercard's roughly $40,000 in gains and described its PE ratio and free cash flow yield as healthy.
- 2
— Top conviction
23:00 “Now, Booking Holdings has been a fantastic company. I sold it for $15,000 gain, but I've been deciding to trim some smaller positions or smaller holdings and pile more money into my top convictions. The one at the very top right now is Mastercard. And this is my largest position as of today, a $181,000 position with $31,000 in the green.”
Carlson said he had bought more than $40,000 of Mastercard, paid for partly by selling Booking Holdings.
- 3
— Disclosed buy
0:13 “The company's Mastercard. And I bought way more of it than I even said I was going to. In a previous episode, I said I was going to buy 10 to $20,000 of this stock, but now I've bought a total of 77,000 just in the past 30 days alone.”
He described four separate purchases in 30 days that brought the position to about $183,000.
- 4
— Buying the dip
15:53 “Just a couple weeks ago, it traded down to the low end of its historical PE ratio. Now, what happened in this time period? Well, I made multiple videos in a short amount of time saying I'm buying MasterCard, and I did buy a lot of the company right at that specific point.”
He was explaining how to judge valuation by comparing a stock's current PE ratio with its 10-year history. He said most of his purchases were around $536.
- 5
— Buying the dip
“And as a Mastercard shareholder, someone that's already bullish on this company, I believe that when the stock trades down because of political bickering and different posturing from the president or anyone else, that that's a time to buy.”
He was discussing the drop in the stock after a post proposing a 10% cap on credit card interest rates, which he called incredibly unlikely to pass.
- 6
— Disclosed holding
30:55 “Now when we look at my portfolio, Mastercard is a significant position. It's a $175,000 position. I believe it's second only to Google with $27,000 in in gains.”
Previewing Mastercard's earnings after a sell-off tied to talk of capping credit card interest rates.
- 7
— Disclosed holding
2:39 “For example, in my financial category, the only stock that's really doing all right is Mastercard. That one's hanging in there. So far, investors aren't concerned about Mastercard.”
He was describing a sell-off in several of his holdings over fears of AI competition.
- 8
— Valuation view
29:14 “Then we have the earnings multiple. I think this one deserves maybe a 33 trailing multiple. We get a nice healthy 17% return for a very wide moat company. To me, that's a good deal. I think that MasterCard's undervalued today.”
Part of a discounted cash flow valuation of each holding in his portfolio.
- 9
— Disclosed holding
7:02 “MasterCard is a 12% position. I've invested a lot in this one, but I'll say that the performance has been somewhat underwhelming. It's kept up, but it hasn't done exceptional yet. It's only up 12%.”
- 10
— Hold, bullish
7:22 “I believe both MasterCard and Meta are strong buys.”
He was going through his largest positions, which include both Mastercard and Meta.
- 11
— Named as a pick
5:40 “The company is as cheap as it's been over the past half a decade. The recent earnings report of Mastercard is very strong. Revenue is growing. Earnings per share is growing in the high teens. The company continues to show dominance in its market share and it continues to issue more cards and grow its network. I rate this one a buy.”
In a video on undervalued stocks, he noted Mastercard was 18% off its highs and at the bottom of its 5-year historical valuation on trailing PE and free cash flow yield.
- 12
— Valuation view
27:49 “It's been left behind in this market. It's down from its highs. It was trading at $600 per share, now it's at 530. Mastercard at a 25 forward P/E, 23 based off 2027's earnings, is an attractive valuation on a very high-quality company.”
Mastercard was the last name in his list of best stocks to buy in July.
- 13
— Conditional
6:18 “When I look at MasterCard today, it trades at $595 per share. And the buy target that I set for MasterCard is 450.”
Carlson was going through buy targets for adding $10,000 to positions. He called Mastercard his second-largest position and said it would need a healthy dip to reach the target.
- 14
— Hold, bullish
10:30 “I believe in a world of agentic commerce, MasterCard and Visa will become more valuable, not less. So, I'm not touching that holding.”
While reviewing his portfolio, Carlson discussed his Mastercard position and its revenue growth in every region despite concerns about local and government payment competitors.
No quote added since · 6 later videos from Joseph Carlson · covers videos through
More from Joseph Carlson
All 17 companies →Joseph Carlson has spoken on camera about their own MA position; the latest, : Position. See it in the disclosed holdings →
- Tesla TSLARisk acknowledged-14.5%
- Netflix NFLXDisclosed buy-46.3%
- S&P Global SPGIDisclosed buy-6.1%
- Uber UBERDisclosed buy-2.8%
- Alphabet GOOGLHold, bullish-5.3%
- Amazon AMZNRisk acknowledged+11.6%
How to read this
Quotes are short excerpts from Joseph Carlson's public YouTube videos, attributed to the speaker and linked to the timestamp. “Close that day” is MA's split-adjusted closing price on the day the video was published (New York time); if markets were closed that day, the last close before it. If the stock has split since a quote, the card shows the price it traded at that day and, beneath it, the split-adjusted close the % change uses. “Since” compares that close with the latest close on 2026-10-23. It is a price observation, not the creator's realized return, and not investment advice. How the price change is calculated. Next to it we show SPY, the ETF tracking the S&P 500, over the same two dates — so a move can be read against the market rather than on its own: why we compare with SPY. Each quote also carries a label — Named as a pick, Risk acknowledged, Reducing — describing what kind of statement it was: see what the labels mean.
Coverage: 117 of 117 videos published since 2025-09-10 covered; 418 Mastercard mentions found. Prices as of 2026-10-23.
Independent record — not affiliated with or endorsed by Joseph Carlson. Request a correction or removal