DA Davidson Lowers PayPal (NASDAQ:PYPL) Price Target to $110.00

PayPal (NASDAQ:PYPLGet Rating) had its price objective dropped by investment analysts at DA Davidson from $120.00 to $110.00 in a report issued on Monday, The Fly reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. DA Davidson’s target price indicates a potential upside of 35.58% from the stock’s current price. DA Davidson also issued estimates for PayPal’s Q4 2022 earnings at $0.92 EPS.

A number of other research analysts have also weighed in on the company. Stephens dropped their price objective on PayPal from $105.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Raymond James reduced their price target on PayPal from $123.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Atlantic Securities decreased their price objective on shares of PayPal from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. The Goldman Sachs Group lowered their target price on PayPal from $127.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Finally, Wedbush decreased their price objective on shares of PayPal from $130.00 to $100.00 in a research report on Friday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.02.

PayPal Stock Up 4.5 %

PYPL opened at $81.13 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $88.11 and a 200 day moving average price of $85.00. The company has a market cap of $93.82 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. PayPal has a twelve month low of $67.58 and a twelve month high of $215.97.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.82 billion. PayPal had a net margin of 8.50% and a return on equity of 16.85%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. Sell-side analysts expect that PayPal will post 2.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of PayPal in the 1st quarter valued at approximately $28,000. Addison Advisors LLC grew its position in PayPal by 100.7% during the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 140 shares during the period. Old North State Trust LLC purchased a new stake in PayPal during the third quarter valued at about $29,000. Lee Financial Co grew its position in PayPal by 60.4% during the second quarter. Lee Financial Co now owns 361 shares of the credit services provider’s stock valued at $25,000 after acquiring an additional 136 shares during the period. Finally, Crewe Advisors LLC boosted its position in shares of PayPal by 223.6% in the first quarter. Crewe Advisors LLC now owns 411 shares of the credit services provider’s stock worth $47,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 70.67% of the company’s stock.

About PayPal

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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.