PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $88.42 Consensus Target Price from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has been assigned an average rating of “Moderate Buy” from the thirty-six ratings firms that are currently covering the stock, Marketbeat reports. Fifteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $88.42.

A number of analysts have recently issued reports on PYPL shares. Wells Fargo & Company lifted their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Oppenheimer started coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Monness Crespi & Hardt upped their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley raised their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th.

Institutional Investors Weigh In On PayPal

Several hedge funds have recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the third quarter valued at $26,000. Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Financial Management Professionals Inc. boosted its position in PayPal by 125.3% during the 3rd 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. Modus Advisors LLC purchased a new position in PayPal during the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PayPal in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.6 %

Shares of NASDAQ PYPL opened at $87.60 on Wednesday. The stock has a fifty day moving average price of $85.76 and a 200 day moving average price of $74.53. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a market cap of $87.82 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that PayPal will post 4.57 EPS for the current fiscal year.

PayPal Company Profile

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.