Analysts Set PayPal Holdings, Inc. (PYPL) Target Price at $72.70

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned a consensus recommendation of “Buy” from the forty-six brokerages that are covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $73.12.

A number of equities research analysts have recently weighed in on PYPL shares. Credit Suisse Group reissued an “outperform” rating and issued a $70.00 target price (up previously from $63.00) on shares of PayPal Holdings in a research note on Tuesday, October 10th. BTIG Research reissued a “buy” rating and issued a $81.00 target price on shares of PayPal Holdings in a research note on Sunday. Robert W. Baird boosted their target price on PayPal Holdings from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Bank of America Corporation boosted their target price on PayPal Holdings from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $89.00 target price (up previously from $83.00) on shares of PayPal Holdings in a research note on Friday, November 17th.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of PayPal Holdings by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the period. Vanguard Group Inc. lifted its holdings in shares of PayPal Holdings by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the period. BlackRock Inc. lifted its holdings in shares of PayPal Holdings by 4.7% during the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the period. Fundsmith LLP lifted its holdings in shares of PayPal Holdings by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after buying an additional 889,976 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of PayPal Holdings by 0.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock valued at $676,673,000 after buying an additional 84,888 shares during the period. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Holdings (NASDAQ:PYPL) traded down $0.20 during midday trading on Friday, hitting $77.57. The stock had a trading volume of 8,072,112 shares, compared to its average volume of 7,650,112. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $78.43. The company has a market cap of $93,230.00 and a price-to-earnings ratio of 54.29.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the company posted $0.35 EPS. PayPal Holdings’s revenue for the quarter was up 21.4% on a year-over-year basis. research analysts expect that PayPal Holdings will post 1.37 EPS for the current year.

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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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