Recent Investment Analysts’ Ratings Updates for PayPal (PYPL)

PayPal (NASDAQ: PYPL) has recently received a number of price target changes and ratings updates:

• 12/24/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/18/2024 – PayPal had its price target raised by analysts at Morgan Stanley from $76.00 to $90.00. They now have an “equal weight” rating on the stock.
• 12/17/2024 – PayPal had its price target raised by analysts at Barclays PLC from $92.00 to $110.00. They now have an “overweight” rating on the stock.
• 12/17/2024 – PayPal had its price target raised by analysts at Macquarie from $95.00 to $115.00. They now have an “outperform” rating on the stock.
• 12/14/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/13/2024 – PayPal was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $107.00 price target on the stock.
• 12/12/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $100.00 price target on the stock.
• 12/9/2024 – PayPal had its price target raised by analysts at Keefe, Bruyette & Woods from $92.00 to $104.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – PayPal was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $103.00 price target on the stock, up previously from $86.00.
• 12/6/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/22/2024 – PayPal had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $88.00 price target on the stock.

PayPal Stock Performance

PayPal stock traded up $1.32 during midday trading on Friday, reaching $87.50. 2,976,895 shares of the stock traded hands, compared to its average volume of 4,537,087. The firm has a fifty day moving average price of $85.76 and a two-hundred day moving average price of $74.53. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The firm has a market cap of $87.72 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

Hedge funds have recently modified their holdings of the stock. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter worth about $387,435,000. United Advisor Group LLC bought a new position in shares of PayPal during the 3rd quarter worth about $810,000. FCG Investment Co acquired a new position in shares of PayPal during the third quarter valued at about $1,079,000. Equity Investment Corp grew its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. increased its stake in PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

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.