PayPal (PYPL) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for PayPal (NASDAQ: PYPL):

• 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.
• 7/18/2024 – PayPal was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
• 7/11/2024 – PayPal had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.

PayPal Price Performance

Shares of PYPL stock opened at $72.00 on Wednesday. The stock’s fifty day simple moving average is $63.73 and its 200 day simple moving average is $63.32. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $73.93. The firm has a market cap of $75.32 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.03 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SYSTM Wealth Solutions LLC grew its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Pittenger & Anderson Inc. grew its holdings in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Verity Asset Management Inc. raised its position in shares of PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after acquiring an additional 181 shares during the last quarter. Indiana Trust & Investment Management CO lifted its stake in shares of PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 184 shares during the period. Finally, Checchi Capital Advisers LLC grew its stake in shares of PayPal by 3.1% during the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 184 shares during the period. 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.