PayPal (NASDAQ:PYPL) Price Target Increased to $85.00 by Analysts at Stephens

PayPal (NASDAQ:PYPL) had its price objective hoisted by Stephens from $75.00 to $85.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the credit services provider’s stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Macquarie upped their target price on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Up 1.4 %

Shares of NASDAQ:PYPL opened at $80.94 on Friday. PayPal has a 12 month low of $50.25 and a 12 month high of $82.00. The company’s 50-day moving average price is $74.16 and its two-hundred day moving average price is $66.61. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $82.75 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The company’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that PayPal will post 4.42 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

Hedge funds have recently made changes to their positions in the business. Pittenger & Anderson Inc. grew its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank bought a new position in shares of PayPal during the 1st quarter worth approximately $27,000. Family Firm Inc. bought a new position in shares of PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its stake in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of PayPal in the first quarter valued at $30,000. 68.32% of the stock is owned by institutional investors.

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.