Bernstein Sticks to Its Buy Rating for Mastercard (MA)

In a report released yesterday, Harshita Rawat from Bernstein maintained a Buy rating on Mastercard (MA – Research Report), with a price target of $500.00. The company’s shares closed yesterday at $460.16.

According to TipRanks, Rawat is a 4-star analyst with an average return of 18.5% and a 69.05% success rate. Rawat covers the Technology sector, focusing on stocks such as Block, Fiserv, and Fidelity National Info.

Mastercard has an analyst consensus of Strong Buy, with a price target consensus of $517.81, representing a 12.53% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $549.00 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 78 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.

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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.