MasterCard saw a significant blow to its share price along with many other tech-focused stocks following global lockdowns at the start of the outbreak. Before the outbreak, I saw the potential for a TP of 360 for MA fueled by the company beginning operations in China, which only a select few providers have been allowed to do. MA has rallied significantly from its mid 200 lows when I originally took my position, however, although there may be a short term pullback following its rally I see it reaching 380-400 comfortably as economies start to reopen and people start spending once again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.