PayPal (NASDAQ:PYPL – Get Rating) had its price target increased by equities researchers at JMP Securities from $100.00 to $120.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price suggests a potential upside of 23.74% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Wells Fargo & Company raised their price objective on PayPal from $97.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. Stephens began coverage on PayPal in a research note on Wednesday, April 6th. They set an “equal weight” rating and a $135.00 price objective for the company. Evercore ISI lifted their target price on PayPal from $124.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer decreased their target price on PayPal from $173.00 to $118.00 in a research report on Thursday, April 28th. Finally, StockNews.com lowered PayPal from a “hold” rating to a “sell” rating in a research report on Saturday, June 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.43.
PayPal Price Performance
Shares of NASDAQ PYPL opened at $96.98 on Wednesday. PayPal has a fifty-two week low of $67.58 and a fifty-two week high of $296.70. The business has a 50 day moving average price of $78.93 and a two-hundred day moving average price of $98.75. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The firm has a market cap of $112.31 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.49.
Hedge Funds Weigh In On PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
- Get a free copy of the StockNews.com research report on PayPal (PYPL)
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