In a report released today, James Faucette from Morgan Stanley maintained a Buy rating on Mastercard (MA), with a price target of $286.00. The company’s shares closed last Wednesday at $268.74.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 11.2% and a 73.8% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Mastercard is a Strong Buy with an average price target of $330.83, a 26.0% upside from current levels. In a report issued on March 24, Oppenheimer also maintained a Buy rating on the stock with a $280.00 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 72 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.
