MasterCard’s Target, Estimates Raised at Goldman Sachs (MA)

Credit card issuer MasterCard Incorporated ( MA ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm said it now expects MA shares to reach $273, which implies an 11% upside to the stock’s Thursday closing price of $245.39. Goldman also said it maintained its “Buy” rating on MA an raised its earnings estimates, citing the company’s strong sales momentum. MasterCard shares pulled back slightly in premarket trading Friday. The Bottom Line Shares of Mastercard ( MA ) have a .24% dividend yield, based on last night’s closing stock price of $245.39. The stock has technical support in the $230 price area. If the shares can firm up, we see overhead resistance around the $250 price level. MasterCard Incorporated ( MA ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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MasterCard’s Target, Estimates Raised at Goldman Sachs (MA)

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