Mastercard Incorporated (MA) Receives Price Target

Mastercard Incorporated (MA) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $119 and the lowest price target forecast is $99. The average forecast of all the analysts is $109.94 and the expected standard deviation is $5.63.

Mastercard Incorporated (MA) has an average broker rating of 1.7, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Barclays maintains its rating on Mastercard Incorporated (NYSE:MA). The global brokerage major raises the current price target from $103 per share to $107 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The rating by the firm was issued on July 29, 2016.

Mastercard Incorporated (NYSE:MA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.67 and $96.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.62, notching a gain of 1.02% for the day. The total traded volume was 4,198,110 . The stock had closed at $96.63 on the previous day.

MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, Governments and businesses around the world, enabling them to use electronic forms of payment instead of cash and checks. The Companys brands include MasterCard, Maestro and Cirrus. It provides offerings, such as loyalty and reward programs, information services and consulting. The Company focuses on segments, including Government programs, such as Social Security payments, unemployment benefits and others; commercial programs, such as payroll, health savings accounts, employee benefits and others, and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.

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