Wells Fargo Believes Mastercard (MA) Won’t Stop Here


In a report issued on July 12, Donald Fandetti from Wells Fargo maintained a Buy rating on Mastercard (NYSE: MA), with a price target of $227. The company’s shares opened today at $203, close to its 52-week high of $209.19.

Fandetti has an average return of 5.6% when recommending Mastercard.

According to TipRanks.com, Fandetti is ranked #1098 out of 4843 analysts.

Mastercard has an analyst consensus of Strong Buy, with a price target consensus of $211.14, which is a 4.0% upside from current levels. In a report issued on July 12, Stephens also reiterated a Buy rating on the stock with a $209 price target.

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Based on Mastercard’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.58 billion and net profit of $1.49 billion. In comparison, last year the company earned revenue of $3.05 billion and had a net profit of $1.18 billion.

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