After RBC Capital and Nomura gave Mastercard (NYSE: MA) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Glenn Greene maintained a Buy rating on Mastercard today and set a price target of $280.00. The company’s shares closed last Monday at $237.07.
According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.4% and a 77.9% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Global Payments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mastercard with a $340.30 average price target, a 57.6% upside from current levels. In a report issued on March 9, Nomura also maintained a Buy rating on the stock with a $368.00 price target.
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The company has a one-year high of $347.25 and a one-year low of $199.99. Currently, Mastercard has an average volume of 5.68M.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MA in relation to earlier this year.
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.
Mastercard, Inc. operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs. The company was founded in 1966 and is headquartered in Purchase, NY.
