Research Analysts’ Weekly Ratings Updates for PayPal (PYPL)

Several brokerages have updated their recommendations and price targets on shares of PayPal (NASDAQ: PYPL) in the last few weeks:

• 9/23/2024 – PayPal had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $74.00 to $94.00. They now have a “buy” rating on the stock.
• 9/19/2024 – 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.
• 9/19/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/18/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.
• 9/10/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/29/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/20/2024 – PayPal had its price target raised by analysts at JPMorgan Chase & Co. from $77.00 to $80.00. They now have an “overweight” rating on the stock.
• 8/20/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Mizuho. They now have a $90.00 price target on the stock.
• 8/16/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/9/2024 – PayPal was upgraded by analysts at Daiwa America from a “moderate buy” rating to a “strong-buy” rating.
• 8/9/2024 – PayPal was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating. They now have a $72.00 price target on the stock, up previously from $68.00.
• 8/6/2024 – PayPal was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/1/2024 – PayPal had its price target raised by analysts at Barclays PLC from $81.00 to $85.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – PayPal had its price target raised by analysts at Susquehanna from $71.00 to $83.00. They now have a “positive” rating on the stock.
• 7/31/2024 – PayPal had its price target raised by analysts at Robert W. Baird from $77.00 to $80.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $84.00 price target on the stock.
• 7/31/2024 – PayPal had its price target raised by analysts at Macquarie from $85.00 to $90.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – PayPal was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $78.00 price target on the stock, up previously from $71.00.
• 7/31/2024 – PayPal had its price target raised by analysts at UBS Group AG from $71.00 to $72.00. They now have a “neutral” rating on the stock.
• 7/31/2024 – PayPal had its price target raised by analysts at BMO Capital Markets from $65.00 to $72.00. They now have a “market perform” rating on the stock.
• 7/31/2024 – PayPal had its price target raised by analysts at TD Cowen from $68.00 to $70.00. They now have a “hold” rating on the stock.
• 7/31/2024 – PayPal had its price target raised by analysts at Wells Fargo & Company from $65.00 to $70.00. They now have an “equal weight” rating on the stock.
• 7/31/2024 – PayPal was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
• 7/31/2024 – PayPal had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $80.00 price target on the stock.
• 7/30/2024 – PayPal was upgraded by analysts at William Blair to a “hold” rating.
• 7/29/2024 – PayPal was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 7/29/2024 – 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.
• 7/29/2024 – PayPal had its price target lowered by analysts at Jefferies Financial Group Inc. from $70.00 to $65.00.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.62 during mid-day trading on Tuesday, reaching $78.29. The company had a trading volume of 2,662,525 shares, compared to its average volume of 14,058,761. The company’s 50-day moving average price is $67.35 and its 200-day moving average price is $64.60. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $78.80. The firm has a market cap of $81.89 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.01 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently added to or reduced their stakes in PYPL. Primecap Management Co. CA boosted its position in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the last quarter. Clearbridge Investments LLC lifted its position in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after buying an additional 1,866,925 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in PayPal by 125.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after buying an additional 687,940 shares during the last quarter. Finally, Swedbank AB bought a new stake in PayPal in the 1st quarter worth approximately $42,297,000. 68.32% of the stock is currently owned by institutional investors.

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.