Craig Hallum Reiterates “$93.00” Price Target for PayPal Holdings, Inc. (PYPL)
PYPL has been the subject of a number of other reports. Oppenheimer Holdings, Inc. boosted their price objective on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Wells Fargo & Company boosted their price objective on shares of PayPal Holdings from $65.00 to $70.00 and gave the stock a market perform rating in a report on Friday, October 20th. Cowen and Company reiterated a market perform rating and set a $52.00 price target (up from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a buy rating and set a $70.00 price target on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Loop Capital upped their price target on shares of PayPal Holdings from $57.00 to $67.00 and gave the company a hold rating in a report on Friday, October 20th. Ten investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $73.11.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at $77.57 on Monday. The firm has a market cap of $93,472.54, a P/E ratio of 55.55, a PEG ratio of 3.19 and a beta of 1.03. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $78.43.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. equities analysts forecast that PayPal Holdings will post 1.37 EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new position in PayPal Holdings during the 3rd quarter valued at about $735,000. Visionary Asset Management Inc. bought a new position in PayPal Holdings during the 3rd quarter valued at about $214,000. Cambridge Financial Group Inc. bought a new position in PayPal Holdings during the 3rd quarter valued at about $7,005,000. Atlantic Trust LLC lifted its stake in PayPal Holdings by 16.0% during the 3rd quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock valued at $2,395,000 after acquiring an additional 5,151 shares during the period. Finally, Salem Investment Counselors Inc. lifted its stake in PayPal Holdings by 69.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock valued at $3,143,000 after acquiring an additional 19,991 shares during the period. Institutional investors and hedge funds own 82.77% of the company’s stock.
About PayPal Holdings
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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