Weekly Research Analysts’ Ratings Changes for Paypal (PYPL)

Several brokerages have updated their recommendations and price targets on shares of Paypal (NASDAQ: PYPL) in the last few weeks:

  • 6/26/2020 – Paypal had its price target raised by analysts at Bank of America Corp from $171.00 to $194.00. They now have a “buy” rating on the stock.
  • 6/25/2020 – Paypal had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a $205.00 price target on the stock.
  • 6/24/2020 – Paypal had its price target raised by analysts at Barclays PLC from $169.00 to $199.00. They now have an “overweight” rating on the stock.
  • 6/24/2020 – Paypal had its price target raised by analysts at KeyCorp from $150.00 to $190.00. They now have an “overweight” rating on the stock.
  • 6/24/2020 – Paypal was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
  • 6/22/2020 – Paypal had its price target raised by analysts at Credit Suisse Group AG from $140.00 to $190.00. They now have an “outperform” rating on the stock.
  • 6/18/2020 – Paypal had its price target raised by analysts at Susquehanna Bancshares Inc from $150.00 to $190.00. They now have a “positive” rating on the stock.
  • 6/18/2020 – Paypal had its price target raised by analysts at Citigroup Inc from $145.00 to $186.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/16/2020 – Paypal had its price target raised by analysts at Robert W. Baird from $153.00 to $175.00.
  • 6/2/2020 – Paypal had its price target raised by analysts at Deutsche Bank AG from $147.00 to $183.00. They now have a “buy” rating on the stock.
  • 6/1/2020 – Paypal is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating on the stock.
  • 6/1/2020 – Paypal had its price target raised by analysts at Wedbush from $160.00 to $176.00. They now have an “outperform” rating on the stock.
  • 5/28/2020 – Paypal had its “buy” rating reaffirmed by analysts at Moffett Nathanson. They now have a $170.00 price target on the stock.
  • 5/28/2020 – Paypal had its price target raised by analysts at Royal Bank of Canada from $142.00 to $159.00. They now have a “buy” rating on the stock.
  • 5/26/2020 – Paypal had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $171.00 price target on the stock, up previously from $147.00.
  • 5/18/2020 – Paypal had its price target raised by analysts at Stephens from $132.00 to $159.00. They now have an “overweight” rating on the stock.
  • 5/14/2020 – Paypal was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $156.00 price target on the stock.
  • 5/11/2020 – Paypal had its price target raised by analysts at Barclays PLC from $135.00 to $169.00. They now have an “overweight” rating on the stock.
  • 5/10/2020 – Paypal had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $172.00 price target on the stock, up previously from $130.00.
  • 5/8/2020 – Paypal had its price target raised by analysts at Keefe, Bruyette & Woods from $120.00 to $152.00. They now have an “outperform” rating on the stock.
  • 5/8/2020 – Paypal had its price target raised by analysts at Citigroup Inc from $131.00 to $145.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Wells Fargo & Co from $120.00 to $150.00. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/7/2020 – Paypal had its price target raised by analysts at BMO Capital Markets from $152.00 to $156.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Credit Suisse Group AG from $135.00 to $140.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Oppenheimer Holdings Inc. from $125.00 to $140.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Wedbush from $120.00 to $160.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Cowen Inc from $116.00 to $158.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Royal Bank of Canada from $120.00 to $142.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at SunTrust Banks, Inc. from $110.00 to $140.00. They now have a “hold” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Bank of America Corp from $125.00 to $147.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Canaccord Genuity from $125.00 to $160.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Paypal had its price target raised by analysts at Robert W. Baird from $125.00 to $152.00.
  • 5/5/2020 – Paypal had its price target raised by analysts at Morgan Stanley from $124.00 to $131.00. They now have an “overweight” rating on the stock.
  • 5/4/2020 – Paypal had its price target raised by analysts at KeyCorp from $115.00 to $140.00. They now have an “overweight” rating on the stock.

NASDAQ PYPL traded down $2.69 on Monday, hitting $168.19. 2,537,088 shares of the company were exchanged, compared to its average volume of 7,291,463. The firm has a 50 day moving average of $154.04 and a two-hundred day moving average of $121.19. The company has a market cap of $200.60 billion, a P/E ratio of 106.45, a P/E/G ratio of 4.79 and a beta of 1.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $175.40.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts anticipate that Paypal Holdings Inc will post 2.39 EPS for the current fiscal year.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $155.67, for a total transaction of $3,891,750.00. Following the transaction, the chief executive officer now directly owns 546,103 shares in the company, valued at approximately $85,011,854.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 75,000 shares of company stock worth $10,562,250. Corporate insiders own 0.12% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC increased its position in Paypal by 7.1% during the 1st quarter. NewSquare Capital LLC now owns 1,067 shares of the credit services provider’s stock worth $102,000 after buying an additional 71 shares during the period. Bell & Brown Wealth Advisors LLC increased its position in shares of Paypal by 0.3% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 22,577 shares of the credit services provider’s stock worth $3,275,000 after purchasing an additional 76 shares during the period. Elmwood Wealth Management Inc. increased its position in shares of Paypal by 0.9% in the first quarter. Elmwood Wealth Management Inc. now owns 8,800 shares of the credit services provider’s stock worth $668,000 after purchasing an additional 82 shares during the period. Tradition Asset Management LLC increased its position in shares of Paypal by 2.9% in the first quarter. Tradition Asset Management LLC now owns 2,995 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 85 shares during the period. Finally, Cpwm LLC increased its position in shares of Paypal by 2.7% in the fourth quarter. Cpwm LLC now owns 3,516 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 91 shares during the period. 82.84% of the stock is owned by institutional investors.

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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