Is Mastercard Stock a Buy Now?
Over the years, (NYSE: MA) has done nothing but reward its investors. Since the company's initial public offering (IPO) in May 2006, shares have skyrocketed, rising 12,160% (as of Feb. 3). A $1,000 investment would be worth $122,600 today.
That gain is hard to overstate. Even these days, Mastercard continues to put up strong financial results. For prospective investors, is this top financial stock still a buy?
Investors will appreciate Mastercard's ability to steadily grow. The prevalence of cashless transactions, at the expense of using physical cash, benefits the business. In the U.S., about half of Americans still use cash for some or all of their weekly purchases. This data shows that there is still a sizable runway for Mastercard, even in a very developed economy that has a robust payments and financial services infrastructure.
Source Fool.com
Mastercard Inc. A Stock
The stock is an absolute favorite of our community with 69 Buy predictions and no Sell predictions.
With a target price of 557 € there is a slightly positive potential of 17.24% for Mastercard Inc. A compared to the current price of 475.1 €.
