Analysts’ Weekly Ratings Changes for Paypal (PYPL)

Paypal (NASDAQ: PYPL) recently received a number of ratings updates from brokerages and research firms:

  • 2/5/2018 – Paypal was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PayPal reported strong fourth-quarter 2017 results driven by record customer account addition, accelerated push into mobile and significant increase in total payments volume. Quarterly revenues and earnings both came above the company’s expectations.  PayPal’s ongoing strategic partnerships with Visa and MasterCard offer great flexibility and choice to consumers. Partnerships with Google, Facebook, Pinterest, Alibaba, Intuit and other major retailers and financial institutions are also delivering positive results. However, eBay’s decision to select Adyen as its new primary payment processor doesn’t bode well for PayPal. Notably, eBay accounts for 13% of PayPal’s total payment volume (TPV), thereby contributing a major portion to its total revenues. Moreover, continuous exposure to foreign exchange and interest rate risks are concerns. Over the last one year, the stock has outperformed the industry it belongs to.”
  • 2/5/2018 – Paypal was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $70.00 price target on the stock.
  • 2/1/2018 – Paypal was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $86.65 price target on the stock.
  • 2/1/2018 – Paypal had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $90.00 price target on the stock.
  • 2/1/2018 – Paypal had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $85.00 price target on the stock.
  • 2/1/2018 – Paypal had its “buy” rating reaffirmed by analysts at Guggenheim.
  • 2/1/2018 – Paypal had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $70.00 price target on the stock.
  • 2/1/2018 – Paypal had its price target raised by analysts at BMO Capital Markets from $85.00 to $89.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Paypal had its price target raised by analysts at Morgan Stanley from $84.00 to $88.00. They now have an “overweight” rating on the stock.
  • 2/1/2018 – Paypal had its price target raised by analysts at Stifel Nicolaus from $77.00 to $79.00. They now have a “hold” rating on the stock.
  • 2/1/2018 – Paypal was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
  • 1/18/2018 – Paypal had its price target raised by analysts at Jefferies Group LLC from $86.00 to $95.00. They now have a “buy” rating on the stock.
  • 1/17/2018 – Paypal had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $91.00 price target on the stock, up previously from $85.00.
  • 1/10/2018 – Paypal was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/9/2018 – Paypal was upgraded by analysts at Cowen Inc from a “market perform” rating to an “outperform” rating. They now have a $88.00 price target on the stock, up previously from $79.05.
  • 1/8/2018 – Paypal was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $81.27 price target on the stock.
  • 1/4/2018 – Paypal had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock.
  • 1/2/2018 – Paypal was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PayPal is currently riding on partnerships and mobile centrism. The company continues to perform strongly in global payments, especially mobile. PayPal’s ongoing strategic partnerships with Visa and MasterCard offer great flexibility and choice to consumers. It recently extended its partnership with Mastercard (MA) in Europe, Latin America, Canada, Africa, the Caribbean and the Middle East. Partnerships with Google, Facebook, Pinterest, Alibaba, Intuit and other major retailers and financial institutions are also delivering positive results. However, continuous exposure to foreign exchange and interest rate risks are concerns. Over the last one year, the stock has outperformed the industry it belongs to.”
  • 1/2/2018 – Paypal was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $81.80 price target on the stock.
  • 1/1/2018 – Paypal was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $82.59 price target on the stock.
  • 12/25/2017 – Paypal was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/21/2017 – Paypal had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $90.00 price target on the stock, up previously from $80.00.
  • 12/20/2017 – Paypal was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “PayPal is currently riding on partnerships and mobile centrism. The company continues to perform strongly in global payments, especially mobile. PayPal’s ongoing strategic partnerships with Visa and MasterCard offer great flexibility and choice to consumers. It recently extended its partnership with Mastercard (MA) in Europe, Latin America, Canada, Africa, the Caribbean and the Middle East. Partnerships with Google, Facebook, Pinterest, Alibaba, Intuit and other major retailers and financial institutions are also delivering positive results. However, continuous exposure to foreign exchange and interest rate risks are concerns. Year to date, the stock has outperformed the industry it belongs to.”
  • 12/19/2017 – Paypal was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Paypal Holdings Inc (NASDAQ:PYPL) traded up $0.53 during trading on Monday, reaching $75.28. 10,419,606 shares of the company’s stock were exchanged, compared to its average volume of 11,110,000. Paypal Holdings Inc has a 52 week low of $40.56 and a 52 week high of $86.32. The firm has a market cap of $90,480.00 and a P/E ratio of 51.21.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 25.6% compared to the same quarter last year. analysts forecast that Paypal Holdings Inc will post 1.75 earnings per share for the current year.

In other Paypal news, EVP Adele Louise Pentland sold 6,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $78.11, for a total transaction of $468,660.00. Following the transaction, the executive vice president now directly owns 46,045 shares in the company, valued at approximately $3,596,574.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Aaron Anderson sold 9,367 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the sale, the vice president now owns 18,480 shares in the company, valued at $1,438,483.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,344 shares of company stock worth $9,818,481. Corporate insiders own 6.00% of the company’s stock.

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.

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