Mastercard (MA) Received its Third Buy in a Row

After Tigress Financial and Goldman Sachs gave Mastercard (NYSE: MA) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Moshe Orenbuch reiterated a Buy rating on Mastercard yesterday and set a price target of $292. The company’s shares closed last Monday at $272.33.

According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 12.8% and a 70.4% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Credit Acceptance Corp, and Capital One Financial.

Currently, the analyst consensus on Mastercard is a Strong Buy with an average price target of $309.77, implying a 10.1% upside from current levels. In a report issued on September 3, Goldman Sachs also maintained a Buy rating on the stock.

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The company has a one-year high of $293.69 and a one-year low of $171.89. Currently, Mastercard has an average volume of 3.27M.

Based on the recent corporate insider activity of 58 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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