Tigress Financial raised the firm’s price target on MasterCard (MA) to $735 from $730 and keeps a Strong Buy rating on the shares. The firm views MasterCard as one of the best ways to play the global shift from cash to electronic payments. The recent pullback in shares has created a “major buying opportunity,” the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- SoFi Stock (SOFI) Slides 30% YTD. Here’s Why It’s a Buying Opportunity
- Crypto Currents: CFTC affirms crypto oversight alignment with SEC
- Mastercard (MA) Launches New Partnership Program for Cryptocurrencies
- Midday Fly By: IEA to release 400M oil barrels, Oracle reports Q3 beat
- Binance, PayPal join MasterCard’s blockchain effort, CoinDesk reports