PayPal (NASDAQ:PYPL) Stock Price Expected to Rise, Macquarie Analyst Says

PayPal (NASDAQ:PYPL) had its target price raised by stock analysts at Macquarie from $95.00 to $115.00 in a report released on Tuesday, MarketBeat.com reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Macquarie’s target price points to a potential upside of 34.58% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Finally, Barclays upped their price objective on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $88.42.

PayPal Stock Performance

PayPal stock opened at $85.45 on Tuesday. The firm’s 50 day simple moving average is $84.36 and its 200 day simple moving average is $72.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $85.67 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, analysts expect that PayPal will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at about $26,000. Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC grew its position in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp grew its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

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.