Wells Fargo Believes Mastercard (MA) Still Has Room to Grow


In a report released yesterday, Donald Fandetti from Wells Fargo maintained a Buy rating on Mastercard (MA). The company’s shares closed last Thursday at $356.94, close to its 52-week high of $367.25.

According to TipRanks.com, Fandetti is a 4-star analyst with an average return of 11.1% and a 69.7% success rate. Fandetti covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Blackstone Mortgage.

Currently, the analyst consensus on Mastercard is a Strong Buy with an average price target of $353.69, representing a -0.4% downside. In a report issued on December 28, Tigress Financial also maintained a Buy rating on the stock.

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Based on Mastercard’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.84 billion and net profit of $1.51 billion. In comparison, last year the company earned revenue of $4.47 billion and had a net profit of $2.11 billion.

Based on the recent corporate insider activity of 80 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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