PayPal (NASDAQ:PYPL) PT Lowered to $88.00

Posted by on Aug 6th, 2023

PayPal (NASDAQ:PYPL – Get Free Report) had its target price cut by investment analysts at Barclays from $92.00 to $88.00 in a report issued on Friday, FlyOnTheWall reports. Barclays‘s price target indicates a potential upside of 40.24% from the company’s current price.

Other analysts have also recently issued reports about the company. Bank of America reduced their price target on PayPal from $112.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, May 10th. William Blair restated an “outperform” rating on shares of PayPal in a report on Tuesday, May 9th. JMP Securities reduced their price target on PayPal from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Tuesday, May 9th. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of PayPal in a report on Thursday. Finally, Piper Sandler cut their price objective on PayPal from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $92.90.

PayPal Stock Performance

PayPal stock opened at $62.75 on Friday. PayPal has a 12-month low of $58.95 and a 12-month high of $103.03. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $68.09 and its two-hundred day moving average price is $71.88. The stock has a market cap of $70.01 billion, a PE ratio of 17.53, a P/E/G ratio of 0.93 and a beta of 1.33.

PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.16. The firm had revenue of $7.29 billion for the quarter, compared to analysts’ expectations of $7.27 billion. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, analysts expect that PayPal will post 3.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the company. White Pine Investment CO grew its holdings in PayPal by 15.1% during the second quarter. White Pine Investment CO now owns 73,236 shares of the credit services provider’s stock worth $4,887,000 after buying an additional 9,619 shares in the last quarter. Summit Place Financial Advisors LLC grew its holdings in PayPal by 17.5% during the second quarter. Summit Place Financial Advisors LLC now owns 29,165 shares of the credit services provider’s stock worth $1,946,000 after buying an additional 4,340 shares in the last quarter. Cibc World Markets Corp grew its holdings in PayPal by 97.9% during the second quarter. Cibc World Markets Corp now owns 320,960 shares of the credit services provider’s stock worth $21,418,000 after buying an additional 158,765 shares in the last quarter. Capital Wealth Planning LLC grew its holdings in PayPal by 144.3% during the second quarter. Capital Wealth Planning LLC now owns 14,785 shares of the credit services provider’s stock worth $987,000 after buying an additional 8,732 shares in the last quarter. Finally, Ceera Investments LLC grew its holdings in PayPal by 31.7% during the second quarter. Ceera Investments LLC now owns 86,623 shares of the credit services provider’s stock worth $5,780,000 after buying an additional 20,837 shares in the last quarter. Institutional investors own 72.83% of the company’s stock.

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

See Also

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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