Mastercard (MA) Received its Third Buy in a Row

After Nomura and Robert W. Baird gave Mastercard (NYSE: MA) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Donald Fandetti maintained a Buy rating on Mastercard today. The company’s shares closed last Monday at $253.25.

According to, Fandetti is a 4-star analyst with an average return of 3.8% and a 57.4% success rate. Fandetti covers the Financial sector, focusing on stocks such as Discover Financial Services, Velocity Financial, and American Express.

Currently, the analyst consensus on Mastercard is a Strong Buy with an average price target of $330.33, representing a 34.4% upside. In a report issued on March 16, Morgan Stanley also maintained a Buy rating on the stock with a $294.00 price target.

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Based on Mastercard’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.41 billion and net profit of $2.1 billion. In comparison, last year the company earned revenue of $3.81 billion and had a net profit of $899 million.

Based on the recent corporate insider activity of 74 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.

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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.

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