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Mastercard Stock a ‘Major Buying Opportunity’ After Sell-Off: Tigress -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Mastercard Inc (NYSE:) shares are up around 3% Friday after Tigress Financial called its recent sell-off a “major buying opportunity.” 

Mastercard shares continue to decline, with a drop of over 8% in three months. They fell as low as $323.34 intraday. They are trading at the $347.64 level today but have risen slightly.

Ivan Feinseth, a Tigress Financial analyst said Mastercard shares are “surprisingly weak” despite reporting strong quarterly results.

According to the analyst, both cross-border and domestic spending has returned to pre-pandemic levels. Mastercard shares are still a great way to participate in the shift to electronic payments.

Feinseth reiterated his strong buy rating for the stock, and set a $460 target price.

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