PayPal Holdings, Inc. (PYPL) Given New $75.00 Price Target at Nomura

Marco Green
October 17, 2017

The value of the total investment in PayPal Holdings, Inc. went from $117,000 to $209,000 a change of 78.6% for the reporting period. BTIG Research upped their price target on shares of PayPal Holdings from $53.00 to $63.00 and gave the company a buy rating in a research report on Monday, June 26th. Robert W. Baird reiterated an outperform rating and issued a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider's stock valued at $139,000 after purchasing an additional 1,281 shares during the period.

IBD'S TAKE: PayPal, viewed as an e-commerce stock, has zoomed 69% in 2017 and could be extended, having shot past a buy point of 43.38. The stock closing price is now trading upward to its 50 day moving average with change of 7.99%, escalated to its 20 day moving average with figure of 3.49% and above its 200 day moving average with value 31.91%.

Shares of PayPal Holdings (NASDAQ:PYPL) opened at 67.31 on Monday. Analysts reported that the Price Target for PayPal Holdings, Inc. might touch $81 high while the Average Price Target and Low price Target is $67.53 and $50 respectively. The stock exchanged hands with3078433 numbers of shares contrast to its average daily volume of 0.86 shares.

PayPal Holdings (PYPL) launched its "Pay With Venmo" service ahead of Apple's (AAPL) expected entry into the social payment app market and just as another rival, bank-backed Zelle, gains traction. The stock has "Outperform" rating by BMO Capital Markets on Friday, September 25. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%.

We also note that PayPal Holdings, Inc.

TRADEMARK VIOLATION WARNING: This report was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & global copyright and trademark law. For the next 5 years, PayPal Holdings, Inc.is expecting Growth of 18.97% per annum, whereas in the past 5 years the growth was 110.04% per annum. Guggenheim's price target would indicate a potential upside of 6.97% from the stock's previous close.

In related news, Director John J. Donahoe sold 170,000 shares of the company's stock in a transaction dated Thursday, August 10th. The stock is now moving above its 20-Day Simple Moving Average of 3.49% with a 50-Day Simple Moving Average of 7.99 percent.

This company shares (PYPL) so far managed to recover 76.85% since collapsing to its 52-week low. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,351 shares of company stock valued at $15,302,809.

Several firms have shifted positions in (PYPL). This showed a surprise of 7% in the last quarter earnings. LLC increased its stake in PayPal Holdings by 71.6% in the second quarter. According to their observations and findings, the stock could provide a high EPS of $0.45/share and a low EPS of $0.42/share. During the last month, the stock has changed -7.44% and performed 10.02% over the last 6 months. Harvest Fund Management Co. The C-Score of PayPal Holdings, Inc. Its weekly and monthly volatility is 2.09%, 1.72% respectively.

The company had seen its current volume reaching at 1.8 million shares in the last trade. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price.

Venmo users will be able to use their app balance or linked cards and bank account to shop on the mobile sites of nearly all merchants that accept payments with PayPal, including retailers such as Foot Locker, Lululemon Athletica Inc and Forever 21. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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