Paypal (NASDAQ:PYPL) had its target price boosted by investment analysts at BMO Capital Markets to $85.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 15.46% from the stock’s current price.

A number of other brokerages have also commented on PYPL. Credit Suisse Group reissued an “outperform” rating and set a $70.00 price objective (up previously from $63.00) on shares of Paypal in a report on Tuesday, October 10th. BTIG Research reissued a “buy” rating and set a $81.00 price objective on shares of Paypal in a report on Sunday, November 19th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $80.21 price objective on the stock in a report on Wednesday, November 29th. Robert W. Baird raised their target price on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Finally, Bank of America raised their target price on Paypal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, November 20th. Ten research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Paypal presently has a consensus rating of “Buy” and a consensus price target of $73.37.

Paypal (NASDAQ PYPL) opened at $73.62 on Wednesday. The company has a market capitalization of $88,480.00 and a PE ratio of 52.35. Paypal has a fifty-two week low of $39.02 and a fifty-two week high of $79.39.

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

In other news, Director Rodney C. Adkins acquired 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the acquisition, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of PYPL. FMR LLC grew its stake in Paypal by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the period. Vanguard Group Inc. grew its stake in Paypal by 2.8% in the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after acquiring an additional 2,115,017 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Paypal by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the credit services provider’s stock valued at $3,119,415,000 after purchasing an additional 42,783,928 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Paypal by 4.7% in the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after purchasing an additional 2,835,027 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Paypal by 0.7% in the fourth quarter. State Street Corp now owns 46,257,876 shares of the credit services provider’s stock valued at $1,825,798,000 after purchasing an additional 307,533 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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