Mastercard (MA) Received its Third Buy in a Row


After Tigress Financial and Goldman Sachs gave Mastercard (NYSE: MA) a Buy rating last month, the company received another Buy, this time from Morgan Stanley. Analyst James Faucette maintained a Buy rating on Mastercard today and set a price target of $315. The company’s shares closed last Monday at $276.32, close to its 52-week high of $293.69.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 12.7% and a 77.7% success rate. Faucette covers the Technology sector, focusing on stocks such as Automatic Data Processing, Paypal Holdings, and Qualcomm Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mastercard with a $311.73 average price target, implying a 12.8% upside from current levels. In a report issued on September 3, Goldman Sachs also maintained a Buy rating on the stock.

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The company has a one-year high of $293.69 and a one-year low of $171.89. Currently, Mastercard has an average volume of 3.35M.

Based on the recent corporate insider activity of 58 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.

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