PayPal Holdings, Inc. (PYPL) Price Target Increased to $85.00 by Analysts at Robert W. Baird

PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective increased by Robert W. Baird from $80.00 to $85.00 in a report released on Thursday. Robert W. Baird currently has an outperform rating on the credit services provider’s stock.

Several other brokerages also recently commented on PYPL. Credit Suisse Group reaffirmed an outperform rating and issued a $70.00 price target (up from $63.00) on shares of PayPal Holdings in a research report on Tuesday, October 10th. Mizuho reaffirmed a hold rating and issued a $50.00 price target on shares of PayPal Holdings in a research report on Sunday, October 15th. Citigroup Inc. lifted their price target on PayPal Holdings to $77.00 and gave the stock a buy rating in a research report on Tuesday, October 3rd. Barclays PLC lifted their price target on PayPal Holdings from $63.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $65.00 price target on shares of PayPal Holdings in a research report on Tuesday, August 29th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. PayPal Holdings has a consensus rating of Buy and an average target price of $72.88.

PayPal Holdings (NASDAQ PYPL) opened at $76.38 on Thursday. PayPal Holdings has a one year low of $38.06 and a one year high of $78.01. The firm has a market capitalization of $91,801.88, a P/E ratio of 54.56, a P/E/G ratio of 3.31 and a beta of 1.03.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. equities analysts anticipate that PayPal Holdings will post 1.37 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in PayPal Holdings by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after purchasing an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. increased its holdings in PayPal Holdings by 2.8% in the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after purchasing an additional 2,115,017 shares during the last quarter. BlackRock Inc. increased its holdings in PayPal Holdings by 4.7% in the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after purchasing an additional 2,835,027 shares during the last quarter. Edgewood Management LLC increased its holdings in PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after purchasing an additional 663,087 shares during the last quarter. Finally, Fundsmith LLP increased its holdings in PayPal Holdings by 6.8% in the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after purchasing an additional 889,976 shares during the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

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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