9.85 % to Target, Merrill Lynch Reconfirms ‘”Buy”’ Rating on Paypal Holdings (NASDAQ:PYPL) Shares Today

March 13, 2018 - By Nellie Frank

 9.85 % to Target, Merrill Lynch Reconfirms ‘

Paypal Holdings (NASDAQ:PYPL) Rating Reaffirmed

In a note issued to clients and investors on Friday morning, The “Buy” rating of Paypal Holdings (NASDAQ:PYPL) shares was kept by Analysts at Merrill Lynch, who now has a $88.0 target on the stock. Merrill Lynch’s target indicates a possible upside of 9.85 % from the current price of the company.

PayPal Holdings, Inc. (NASDAQ:PYPL) Ratings Coverage

Among 53 analysts covering PayPal Holdings Inc (NASDAQ:PYPL), 37 have Buy rating, 2 Sell and 14 Hold. Therefore 70% are positive. PayPal Holdings Inc has $95.0 highest and $31 lowest target. $73.70’s average target is -8.00% below currents $80.11 stock price. PayPal Holdings Inc had 190 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Sunday, September 17 by KeyBanc Capital Markets. The rating was maintained by Barclays Capital on Friday, September 15 with “Overweight”. The stock has “Neutral” rating by B. Riley & Co on Tuesday, September 8. The firm earned “Outperform” rating on Friday, November 17 by Credit Suisse. The stock of PayPal Holdings, Inc. (NASDAQ:PYPL) has “Overweight” rating given on Friday, October 20 by Morgan Stanley. Stephens initiated the stock with “Overweight” rating in Friday, July 8 report. Wedbush maintained the shares of PYPL in report on Thursday, March 17 with “Outperform” rating. Monness maintained it with “Buy” rating and $88.0 target in Monday, November 20 report. UBS maintained the shares of PYPL in report on Thursday, April 28 with “Neutral” rating. On Wednesday, October 14 the stock rating was upgraded by Jefferies to “Top Pick”.

The stock decreased 0.61% or $0.49 during the last trading session, reaching $80.11. About 4.93M shares traded. PayPal Holdings, Inc. (NASDAQ:PYPL) has risen 31.18% since March 13, 2017 and is uptrending. It has outperformed by 14.48% the S&P500.

Analysts await PayPal Holdings, Inc. (NASDAQ:PYPL) to report earnings on April, 25. They expect $0.41 EPS, up 13.89 % or $0.05 from last year’s $0.36 per share. PYPL’s profit will be $492.07 million for 48.85 P/E if the $0.41 EPS becomes a reality. After $0.40 actual EPS reported by PayPal Holdings, Inc. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth.

PayPal Holdings, Inc. operates as a technology platform firm that enables digital and mobile payments on behalf of clients and merchants worldwide. The company has market cap of $96.15 billion. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It has a 54.5 P/E ratio. The company's platform allows clients to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

More notable recent PayPal Holdings, Inc. (NASDAQ:PYPL) news were published by: Fool.com which released: “PayPal Holdings Inc: Buy the Dip?” on February 17, 2018, also Seekingalpha.com with their article: “Survival of the fittest in the payments business” published on March 12, 2018, Investorplace.com published: “Paypal Holdings Inc Stock Is Itching for a Breakout” on March 09, 2018. More interesting news about PayPal Holdings, Inc. (NASDAQ:PYPL) were released by: Bloomberg.com and their article: “PayPal CEO Says Cryptocurrencies Are Just an Experiment for Now” published on March 08, 2018 as well as Usnews.com‘s news article titled: “PayPal Will Be Just Fine Without eBay” with publication date: February 23, 2018.

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