Goldman Sachs Maintains Buy Rating for Mastercard: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Buy rating on Mastercard (NYSE:MA) and increased its price target from $433.00 to $482.00. Mastercard's stock is currently trading at $430.05, up 0.42% over the last 24 hours. The new price target suggests a potential upside of 12.08%. Mastercard is a major payment processor, handling over $8 trillion in transactions in 2022 across more than 200 countries and in over 150 currencies.
January 11, 2024 | 5:00 pm
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Goldman Sachs maintains a Buy rating on Mastercard with an increased price target from $433 to $482, suggesting a 12.08% potential upside from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable investment bank like Goldman Sachs typically instills confidence in investors and can lead to a positive short-term price movement. The 12.08% potential upside is significant and may attract investor interest.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100