RBC Capital Believes MA Still Has Room to Grow

By Carrie Williams

In a report released today, Daniel Perlin from RBC Capital reiterated a Buy rating on Mastercard (NYSE: MA), with a price target of $115. The company’s shares opened today at $107.40, close to its 52-week high of $108.93.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 10.8% and a 74.2% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Bottomline Technologies.

Currently, the analyst consensus on Mastercard is Strong Buy and the average price target is $117.58, representing a 9.5% upside.

In a report issued on October 17, Deutsche Bank also reiterated a Buy rating on the stock with a $124 price target.

Based on Mastercard’s latest earnings report from December 31, the company posted quarterly revenue of $2.52B and quarterly net profit of $890M. In comparison, last year the company earned revenue of $2.53B and had a net profit of $977M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Mastercard Foundation, a Major Shareholder at MA sold 72,624 shares for a total of $7,482,451.