Robert W. Baird Issues Pessimistic Forecast for PayPal (NASDAQ:PYPL) Stock Price

PayPal (NASDAQ:PYPL) had its target price cut by stock analysts at Robert W. Baird from $100.00 to $95.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 20.91% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Monness Crespi & Hardt lifted their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Mizuho upped their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup lifted their price target on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Piper Sandler increased their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.29.

PayPal Stock Down 0.8 %

NASDAQ:PYPL opened at $78.57 on Wednesday. The business’s fifty day moving average price is $87.87 and its 200 day moving average price is $79.39. The firm has a market capitalization of $78.77 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.49 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, sell-side analysts forecast that PayPal will post 4.58 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors have recently made changes to their positions in the business. Park Place Capital Corp boosted its holdings in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Finally, Wynn Capital LLC lifted its holdings in shares of PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

About PayPal

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.