PayPal (PYPL) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of PayPal (NASDAQ: PYPL) in the last few weeks:

• 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.
• 10/10/2024 – PayPal was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $80.00 price target on the stock, up previously from $75.00.
• 10/3/2024 – PayPal had its price target raised by analysts at BMO Capital Markets from $72.00 to $73.00. They now have a “market perform” rating on the stock.
• 10/1/2024 – PayPal is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
• 9/27/2024 – PayPal had its price target raised by analysts at Barclays PLC from $85.00 to $92.00. They now have an “overweight” rating on the stock.
• 9/23/2024 – PayPal had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $74.00 to $94.00. They now have a “buy” rating on the stock.
• 9/19/2024 – PayPal had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $69.00 price target on the stock.
• 9/19/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/18/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.
• 9/10/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/29/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/20/2024 – PayPal had its price target raised by analysts at JPMorgan Chase & Co. from $77.00 to $80.00. They now have an “overweight” rating on the stock.
• 8/20/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Mizuho. They now have a $90.00 price target on the stock.
• 8/16/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.16 during midday trading on Monday, reaching $80.67. 5,862,368 shares of the company’s stock traded hands, compared to its average volume of 13,798,025. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The stock has a 50 day moving average of $72.42 and a 200 day moving average of $66.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $84.38 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.49 and a beta of 1.44.

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

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Pittenger & Anderson Inc. lifted its holdings in 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 buying an additional 172 shares during the last quarter. American National Bank acquired a new stake in PayPal in the 1st quarter valued at $27,000. Family Firm Inc. purchased a new position in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in PayPal in the first quarter worth about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.