Mastercard's stock upgrade backed by a high growth estimate and incredible long-term success

On Wednesday, Oppenheimer & Co. analyst Dominick Gabriele upgraded Mastercard Inc. to an “outperform” rating with a 12-18 month price target of $510, which was 19% higher than the stock’s closing price of $428.27 that day.In a note to clients, Gabriele wrote that there was some concern over his estimated annual earnings-per-share growth rate of 17% for Mastercard MA, -0.22% over the next three to five years, because this was slower than the growth pace before the COVID-19 pandemic. But he concluded that the ...