PayPal (NASDAQ:PYPL – Get Free Report) had its price target hoisted by research analysts at BMO Capital Markets from $72.00 to $73.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ price target indicates a potential downside of 8.01% from the stock’s current price.
PYPL has been the subject of several other reports. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. UBS Group increased their target price on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen increased their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a report on Wednesday, September 18th. Finally, Evercore ISI increased their price objective on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.41.
Get Our Latest Report on PayPal
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. Equities analysts predict that PayPal will post 4.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Primecap Management Co. CA boosted its stake in PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Clearbridge Investments LLC boosted its stake in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in PayPal by 31.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after purchasing an additional 687,940 shares during the last quarter. Swedbank AB purchased a new stake in PayPal during the 1st quarter valued at $42,297,000. Finally, Greenvale Capital LLP boosted its stake in PayPal by 54.5% during the 4th quarter. Greenvale Capital LLP now owns 1,700,000 shares of the credit services provider’s stock valued at $104,397,000 after purchasing an additional 600,000 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.
PayPal Company Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Featured Articles
- Five stocks we like better than PayPal
- EV Stocks and How to Profit from Them
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Buy P&G Now, Before It Sets A New All-Time High
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Best Stocks Under $5.00
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.