MA | 29 May 2024 | AI Stock Analysis & News

Major shareholder Foundation Mastercard sold significant shares, impacting stock price.

Stock AI’s forecasts:
🔴 -5.3% short-term
🟢 +1.0% long-term

Stock AI’s (MA) Forecast get (+4.4% Profit)

StockAI’s analysis delivers real-world results. On 14 March 2024, $MA ($478.2), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $457.0 (🔴-4.4%). Selling MA on this signal yielded a +4.4% profit 💰💰.

MA-Mastercard Incorporated News

🔴 Major shareholder Foundation Mastercard sold 141,000 shares of Mastercard stock on May 13th at an average price of $457.45, potentially signaling a lack of confidence in the company’s future performance.

🟢 Mastercard received an average rating of “Moderate Buy” from analysts, indicating positive sentiment towards the stock’s potential growth.

🔴 Insider Sandra A. Arkell sold 300 shares of Mastercard stock on May 6th at an average price of $447.23, suggesting a lack of faith in the company’s outlook.

🟢 Investment analysts at Zacks Research lowered their Q2 2024 earnings estimates for Mastercard, potentially driving a positive impact on the stock price.

🔴 Mastercard’s stock price traded down 0% following insider selling activity, possibly indicating concerns among investors about the company’s future performance.

🟢 Research analysts at Piper Sandler initiated coverage on Mastercard with an “overweight” rating and a $531.00 price target, potentially boosting confidence in the stock’s growth potential.

Recent news surrounding Mastercard Incorporated stock has been mixed, with major shareholder sales and insider selling activity raising concerns among investors. Despite these negative indicators, analysts have maintained a “Moderate Buy” rating on the stock, suggesting optimism about its long-term prospects. The decrease in earnings estimates by Zacks Research may have a temporary negative impact on the stock price, but the initiation of coverage by Piper Sandler with a bullish outlook could counterbalance this effect. Investors should closely monitor future developments and company performance to make informed decisions about their Mastercard holdings.

MA-Mastercard Incorporated Analyst Ratings

Here is the analyst ratings section for Mastercard Incorporated stock:

📉 Piper Sandler began coverage on shares of Mastercard with an “overweight” rating and a $531.00 price target.

📉 Mizuho lowered their price target on Mastercard from $480.00 to $478.00 and maintained a “buy” rating.

📈 Barclays decreased their price target from $549.00 to $530.00 but kept an “overweight” rating on the stock.

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Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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