PayPal (PYPL) – Research Analysts’ Weekly Ratings Updates

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

• 12/13/2024 – PayPal was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $107.00 price target on the stock.
• 12/12/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $100.00 price target on the stock.
• 12/9/2024 – PayPal had its price target raised by analysts at Keefe, Bruyette & Woods from $92.00 to $104.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – PayPal was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $103.00 price target on the stock, up previously from $86.00.
• 12/6/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/22/2024 – PayPal had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $88.00 price target on the stock.
• 11/3/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/1/2024 – PayPal had its “accumulate” rating reaffirmed by analysts at Phillip Securities. They now have a $90.00 price target on the stock, up previously from $80.00.
• 10/30/2024 – PayPal had its price target raised by analysts at Susquehanna from $83.00 to $94.00. They now have a “positive” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at JPMorgan Chase & Co. from $80.00 to $90.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at Macquarie from $90.00 to $95.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at Royal Bank of Canada from $84.00 to $89.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at Robert W. Baird from $80.00 to $91.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at The Goldman Sachs Group, Inc. from $79.00 to $87.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at UBS Group AG from $72.00 to $85.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at BMO Capital Markets from $73.00 to $82.00. They now have a “market perform” rating on the stock.
• 10/30/2024 – PayPal had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/30/2024 – PayPal had its price target raised by analysts at Morgan Stanley from $71.00 to $76.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – PayPal had its price target raised by analysts at Canaccord Genuity Group Inc. from $80.00 to $96.00. They now have a “buy” rating on the stock.
• 10/28/2024 – PayPal had its price target raised by analysts at Monness Crespi & Hardt from $95.00 to $110.00. They now have a “buy” rating on the stock.
• 10/26/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/18/2024 – PayPal had its price target raised by analysts at Stephens from $75.00 to $85.00. They now have an “equal weight” rating on the stock.
• 10/18/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/17/2024 – PayPal had its price target raised by analysts at Wells Fargo & Company from $70.00 to $75.00. They now have an “equal weight” rating on the stock.
• 10/14/2024 – PayPal had its price target raised by analysts at Mizuho from $90.00 to $100.00. They now have an “outperform” rating on the stock.
• 10/14/2024 – PayPal had its price target raised by analysts at The Goldman Sachs Group, Inc. from $69.00 to $79.00. They now have a “neutral” rating on the stock.

PayPal Stock Up 1.8 %

PYPL stock traded up $1.60 during midday trading on Friday, hitting $91.00. The company’s stock had a trading volume of 4,767,095 shares, compared to its average volume of 13,040,444. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm’s 50-day moving average is $83.64 and its 200-day moving average is $72.03. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $91.23 billion, a PE ratio of 21.72, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the 3rd quarter valued at about $26,000. Planning Capital Management Corp increased its holdings in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Financial Management Professionals Inc. raised its position in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of PayPal during the 3rd quarter valued at $36,000. Finally, Family Firm Inc. bought a new position in PayPal in the 2nd quarter worth $29,000. 68.32% of the stock is owned by institutional investors.

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.