Paypal (NASDAQ:PYPL)‘s stock had its “buy” rating restated by research analysts at Credit Suisse Group in a note issued to investors on Tuesday. They presently have a $85.00 price objective on the credit services provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 19.38% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Paypal from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Craig Hallum set a $93.00 target price on shares of Paypal and gave the stock a “buy” rating in a research report on Monday, November 20th. Loop Capital boosted their target price on shares of Paypal from $57.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, October 20th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $79.66 target price on the stock in a research report on Monday, November 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $66.00 target price (up previously from $61.00) on shares of Paypal in a research report on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and an average price target of $73.24.

Shares of Paypal (PYPL) traded up $0.23 during trading on Tuesday, hitting $71.20. 16,634,000 shares of the stock were exchanged, compared to its average volume of 7,889,852. Paypal has a 52-week low of $38.71 and a 52-week high of $79.39. The stock has a market cap of $86,670.00 and a P/E ratio of 50.69.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. analysts predict that Paypal will post 1.37 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Apriem Advisors lifted its position in shares of Paypal by 0.6% during the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. lifted its position in Paypal by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 60 shares in the last quarter. Sigma Planning Corp lifted its position in Paypal by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after acquiring an additional 74 shares in the last quarter. Train Babcock Advisors LLC lifted its position in Paypal by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after acquiring an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its position in Paypal by 0.3% in the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after acquiring an additional 98 shares in the last quarter. 80.81% of the stock is owned by institutional investors.

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Paypal Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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