Reaffirmed: Paypal Holdings (NASDAQ:PYPL) “Buy” Rating Reaffirmed by Analysts at Merrill Lynch; $98.0000 Target in Place

June 27, 2018 - By Louis Casey

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Paypal Holdings (NASDAQ:PYPL) Rating Reaffirmed

They currently have a $98.0000 PT on Paypal Holdings (NASDAQ:PYPL). The target price by Merrill Lynch would suggest a potential upside of 18.29 % from the company’s last stock close. This has been revealed to clients and investors in a research report on Tuesday, 26 June.

PayPal Holdings, Inc. (NASDAQ:PYPL) Ratings Coverage

Among 26 analysts covering Paypal Holdings (NASDAQ:PYPL), 20 have Buy rating, 0 Sell and 6 Hold. Therefore 77% are positive. Paypal Holdings has $10000 highest and $70.0 lowest target. $86.38’s average target is 4.26% above currents $82.85 stock price. Paypal Holdings had 46 analyst reports since January 2, 2018 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Wednesday, January 31 with “Hold”. The stock of PayPal Holdings, Inc. (NASDAQ:PYPL) earned “Outperform” rating by Credit Suisse on Wednesday, February 14. The stock of PayPal Holdings, Inc. (NASDAQ:PYPL) has “Buy” rating given on Monday, January 29 by Guggenheim. The stock of PayPal Holdings, Inc. (NASDAQ:PYPL) has “Overweight” rating given on Thursday, February 1 by Morgan Stanley. The firm earned “Buy” rating on Monday, February 5 by Wells Fargo. The stock of PayPal Holdings, Inc. (NASDAQ:PYPL) has “Buy” rating given on Friday, May 18 by UBS. The stock of PayPal Holdings, Inc. (NASDAQ:PYPL) has “Buy” rating given on Friday, May 18 by Robert W. Baird. Oppenheimer maintained the stock with “Buy” rating in Friday, May 25 report. Credit Suisse maintained it with “Buy” rating and $9300 target in Friday, May 18 report. The company was maintained on Tuesday, January 9 by Stephens.

The stock increased 0.64% or $0.53 during the last trading session, reaching $82.85. About 511,631 shares traded. PayPal Holdings, Inc. (NASDAQ:PYPL) has risen 58.96% since June 27, 2017 and is uptrending. It has outperformed by 46.39% the S&P500.

Analysts await PayPal Holdings, Inc. (NASDAQ:PYPL) to report earnings on July, 25. They expect $0.41 EPS, up 13.89 % or $0.05 from last year’s $0.36 per share. PYPL’s profit will be $486.83M for 50.52 P/E if the $0.41 EPS becomes a reality. After $0.45 actual EPS reported by PayPal Holdings, Inc. for the previous quarter, Wall Street now forecasts -8.89 % negative EPS growth.

PayPal Holdings, Inc. operates as a technology platform firm that enables digital and mobile payments on behalf of clients and merchants worldwide. The company has market cap of $98.38 billion. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It has a 52.77 P/E ratio. The company's platform allows clients to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

More notable recent PayPal Holdings, Inc. (NASDAQ:PYPL) news were published by: Seekingalpha.com which released: “Square downgraded by Stephens after rally; analyst likes PayPal instead” on June 26, 2018, also Fool.com with their article: “PayPal Has Made 3 Acquisitions in Just Over a Month” published on June 24, 2018, Seekingalpha.com published: “PayPal Holdings: A Long-Term Buy” on June 04, 2018. More interesting news about PayPal Holdings, Inc. (NASDAQ:PYPL) were released by: Seekingalpha.com and their article: “PayPal to buy Hyperwallet for $400M cash” published on June 19, 2018 as well as Fool.com‘s news article titled: “Better Buy: Square Inc. vs. Mastercard” with publication date: June 26, 2018.

PayPal Holdings, Inc. (NASDAQ:PYPL) Ratings Chart

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