Cantor Fitzgerald Believes Mastercard (MA) Won’t Stop Here


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Mastercard (MA), with a price target of $237. The company’s shares opened today at $226.59, close to its 52-week high of $228.50.

Foresi observed:

“: We continue our bi-weekly Fundamentals and Charts series in which we look at our coverage universe periodically for an opportunity in names where the Fundamentals match up with the technicals. We look this week at Overweight MA with a $237 price target. The stock is our top pick in FinTech. Fundamentally, we see opportunities for MA to accelerate its growth rate through its opportunity in B2B (Business-to-Business) and to expand its margins over the long term. Technically, MA continues in a solid upward channel after facing recent pressure.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.2% and a 86.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Currently, the analyst consensus on Mastercard is a Strong Buy with an average price target of $240.13, representing a 6.0% upside. In a report released today, Stephens also maintained a Buy rating on the stock with a $240 price target.

See today’s analyst top recommended stocks >>

Mastercard’s market cap is currently $232.6B and has a P/E ratio of 40.34. The company has a Price to Book ratio of 43.12.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts