RBC Capital Believes Mastercard (MA) Still Has Room to Grow

RBC Capital analyst Daniel Perlin maintained a Buy rating on Mastercard (MA) on April 29 and set a price target of $412.00. The company’s shares closed last Monday at $379.40, close to its 52-week high of $401.50.

According to TipRanks.com, Perlin is a top 25 analyst with an average return of 34.7% and a 83.0% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, TELUS International (CDA), and Jack Henry & Associates.

Mastercard has an analyst consensus of Strong Buy, with a price target consensus of $422.24, a 9.5% upside from current levels. In a report issued on April 15, Jefferies also maintained a Buy rating on the stock with a $440.00 price target.

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The company has a one-year high of $401.50 and a one-year low of $263.01. Currently, Mastercard has an average volume of 3.92M.

Based on the recent corporate insider activity of 122 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.

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