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 $467.52.
Fandetti covers the Financial sector, focusing on stocks such as American Express, Capital One Financial, and Discover Financial Services. According to TipRanks, Fandetti has an average return of 10.1% and a 64.16% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mastercard with a $512.48 average price target, a 9.62% upside from current levels. In a report released on March 4, DBS also maintained a Buy rating on the stock with a $540.00 price target.
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MA market cap is currently $437.1B and has a P/E ratio of 39.59.
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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.
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