Wells Fargo Sticks to Its Buy Rating for Mastercard (MA)

Wells Fargo analyst Donald Fandetti maintained a Buy rating on Mastercard (MA – Research Report) today and set a price target of $530.00. The company’s shares closed yesterday at $472.16.

According to TipRanks, Fandetti is a 5-star analyst with an average return of 10.4% and a 64.94% success rate. Fandetti covers the Financial sector, focusing on stocks such as American Express, Capital One Financial, and Discover Financial Services.

Mastercard has an analyst consensus of Strong Buy, with a price target consensus of $515.00, implying a 9.07% upside from current levels. In a report released on March 27, Mizuho Securities also maintained a Buy rating on the stock with a $480.00 price target.

Based on Mastercard’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.55 billion and a net profit of $2.79 billion. In comparison, last year the company earned a revenue of $5.82 billion and had a net profit of $2.53 billion

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.

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 (MA) Company Description:

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.