Price Target Update on PayPal Holdings (NASDAQ:PYPL)

PayPal Holdings (NASDAQ:PYPL) : 26 Wall Street analysts covering PayPal Holdings (NASDAQ:PYPL) believe that the average level the stock could reach for the short term is $43.5. The maximum price target given is $50 and the minimum target for short term is around $32, hence the standard deviation is calculated at $4.25.

Other Equity analysts have also commented on the company shares. Oppenheimer initiates coverage on PayPal Holdings (NASDAQ:PYPL) . The global brokerage major announces a current price target of $42 per share. Analysts at the Oppenheimer have a current rating of Outperform on the shares. The rating by the firm was issued on June 17, 2016.

PayPal Holdings (NASDAQ:PYPL): stock turned positive on Thursday. Though the stock opened at $36.27, the bulls momentum made the stock top out at $36.665 level for the day. The stock recorded a low of $36.05 and closed the trading day at $36.66, in the green by 1.83%. The total traded volume for the day was 4,808,720. The stock had closed at $36 in the previous days trading.

On the companys insider trading activities,The director of Paypal Holdings, Inc., Moffett David M sold 15,971 shares at $36.08 on February 1, 2016. The Insider selling transaction had a total value worth of $576,234. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card, or other stored value products such as coupons and gift cards.

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