Weekly Investment Analysts’ Ratings Updates for PayPal (PYPL)

A number of firms have modified their ratings and price targets on shares of PayPal (NASDAQ: PYPL) recently:

• 6/25/2024 – PayPal had its price target raised by analysts at Evercore ISI from $65.00 to $70.00. They now have an “in-line” rating on the stock.
• 6/24/2024 – 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.
• 6/18/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 6/13/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.
• 6/10/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 6/10/2024 – PayPal had its price target raised by analysts at Citigroup Inc. from $79.00 to $81.00. They now have a “buy” rating on the stock.
• 5/31/2024 – PayPal is now covered by analysts at New Street Research. They set a “buy” rating and a $80.00 price target on the stock.
• 5/30/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 5/30/2024 – PayPal was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $90.00 price target on the stock, up previously from $68.00.
• 5/21/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/13/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 5/1/2024 – PayPal had its price target raised by analysts at Royal Bank of Canada from $74.00 to $84.00. They now have an “outperform” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at Robert W. Baird from $70.00 to $77.00. They now have an “outperform” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at UBS Group AG from $63.00 to $71.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at Mizuho from $60.00 to $68.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at BMO Capital Markets from $64.00 to $65.00. They now have a “market perform” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at JMP Securities from $70.00 to $82.00. They now have a “market outperform” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at Evercore ISI from $60.00 to $65.00. They now have an “in-line” rating on the stock.
• 5/1/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/1/2024 – PayPal had its price target raised by analysts at TD Cowen from $58.00 to $68.00. They now have a “hold” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at Wells Fargo & Company from $60.00 to $65.00. They now have an “equal weight” rating on the stock.
• 5/1/2024 – PayPal had its price target raised by analysts at Stephens from $70.00 to $75.00. They now have an “equal weight” rating on the stock.
• 4/30/2024 – PayPal had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 4/29/2024 – PayPal had its price target raised by analysts at Monness Crespi & Hardt from $80.00 to $88.00. They now have a “buy” rating on the stock.

PayPal Price Performance

PYPL opened at $58.37 on Friday. The company has a market capitalization of $61.06 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.97 and a beta of 1.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $63.34 and a 200-day moving average price of $62.44. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PayPal

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Norges Bank bought a new stake in PayPal during the fourth quarter valued at approximately $749,561,000. Charles Schwab Investment Management Inc. lifted its position in PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares during the last quarter. Clearbridge Investments LLC lifted its position in PayPal by 15.8% during the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after purchasing an additional 904,804 shares during the last quarter. Finally, Atreides Management LP lifted its position in PayPal by 9.3% during the third quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock valued at $244,042,000 after purchasing an additional 355,411 shares during the last quarter. Hedge funds and other institutional investors 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.