By Sam Boughedda
Investing.com — Mastercard Inc (NYSE:MA) shares are up around 3% Friday after Tigress Financial called its recent sell-off a "major buying opportunity."
Mastercard shares have been steadily declining, falling over 8% in the last three months to an intraday low of $323.34. However, they have bounced back slightly today, trading around the $347.64 mark.
Tigress Financial analyst Ivan Feinseth said Mastercard shares have been "surprisingly weak even after reporting very strong quarterly results."
The analyst added that both domestic and cross-border spending have returned to pre-pandemic levels and that Mastercard shares remain one of the best ways to play the continuing shift towards electronic and other payment technologies.
Feinseth reiterated a strong buy rating on the stock and a $460 price target.