PayPal (NASDAQ:PYPL) Price Target Raised to $80.00 at Morgan Stanley

PayPal (NASDAQ:PYPL) had its price objective upped by research analysts at Morgan Stanley from $79.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s target price points to a potential upside of 13.11% from the company’s previous close.

A number of other brokerages have also recently commented on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday. UBS Group boosted their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler boosted their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.97.

PayPal Price Performance

Shares of PayPal stock opened at $70.73 on Wednesday. PayPal has a twelve month low of $56.97 and a twelve month high of $93.66. The stock has a market capitalization of $69.97 billion, a P/E ratio of 17.64, a PEG ratio of 1.27 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $83.93 and its 200 day moving average price is $80.89.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, research analysts anticipate that PayPal will post 5.03 earnings per share for the current year.

Institutional Trading of PayPal

Institutional investors have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal in the fourth quarter worth about $27,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter worth about $26,000. Finally, Sugarloaf Wealth Management LLC lifted its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

About PayPal

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.