PayPal Holdings (PYPL) Receives ‘Analyst’ Rating

PayPal Holdings (PYPL) : The consensus on PayPal Holdings (PYPL) based on 29 analyst recommendation on the company stock is 2.16, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on PayPal Holdings (PYPL).

PayPal Holdings (PYPL) : The highest level PayPal Holdings (PYPL) is projected to reach is $50 for the short term and the lowest estimate is at $32. The consolidated price target from 21 rating analysts who initiate coverage on the stock is $43.05 and the possibility the share price can swing is $4.5.


Also, In the latest statement by the brokerage house, Credit Suisse maintains its outlook on PayPal Holdings (NASDAQ:PYPL). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $42 per share to $43 per share. The rating by the firm was issued on July 22, 2016.

PayPal Holdings (NASDAQ:PYPL): After opening at $40.31, the stock dipped to an intraday low of $39.8699 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41.14 and the buying power remained strong till the end. The stock closed at $40.83 for the day, a gain of 2.18% for the day session. The total traded volume was 12,720,951. The stocks close on the previous trading day was $39.96.

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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