PayPal Holdings, Inc. (NASDAQ:PYPL) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $79.66 target price on the credit services provider’s stock. Vetr‘s price objective points to a potential upside of 2.43% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Citigroup Inc. reissued a “buy” rating and set a $67.00 price target (up previously from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Nomura raised their price target on PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Deutsche Bank AG raised their price target on PayPal Holdings from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. BTIG Research reissued a “buy” rating and set a $63.00 price target on shares of PayPal Holdings in a research report on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $68.00 price target (up previously from $61.00) on shares of PayPal Holdings in a research report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $73.11.

PayPal Holdings (NASDAQ:PYPL) opened at $77.77 on Monday. The stock has a market capitalization of $93,470.00 and a price-to-earnings ratio of 54.56. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $78.43.

PayPal Holdings (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 the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. PayPal Holdings’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. research analysts predict that PayPal Holdings will post 1.37 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA increased its holdings in PayPal Holdings by 352.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after buying an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PayPal Holdings in the third quarter valued at about $113,000. Kistler Tiffany Companies LLC increased its holdings in PayPal Holdings by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in PayPal Holdings by 294.3% in the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after buying an additional 1,807 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in PayPal Holdings in the third quarter valued at about $172,000. 82.77% of the stock is owned by hedge funds and other institutional investors.

PayPal Holdings 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 Holdings (NASDAQ:PYPL)

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