Susquehanna Issues Positive Forecast for PayPal (NASDAQ:PYPL) Stock Price

PayPal (NASDAQ:PYPL) had its price target boosted by equities research analysts at Susquehanna from $94.00 to $101.00 in a report released on Monday, MarketBeat reports. The firm presently has a “positive” rating on the credit services provider’s stock. Susquehanna’s target price would indicate a potential upside of 14.81% from the company’s current price.

A number of other research analysts have also recently commented on PYPL. Wells Fargo & Company increased their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. BMO Capital Markets upped their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

PayPal Stock Performance

NASDAQ:PYPL opened at $87.97 on Monday. PayPal has a twelve month low of $55.77 and a twelve month high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $86.15 and its 200 day simple moving average is $75.34. The firm has a market capitalization of $88.19 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. On average, analysts anticipate that PayPal will post 4.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in PayPal by 15.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 3,822 shares of the credit services provider’s stock valued at $222,000 after purchasing an additional 511 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of PayPal by 6.9% in the 2nd quarter. Private Advisor Group LLC now owns 180,470 shares of the credit services provider’s stock worth $10,473,000 after acquiring an additional 11,604 shares during the last quarter. Asset Dedication LLC lifted its position in PayPal by 38.8% in the 2nd quarter. Asset Dedication LLC now owns 2,319 shares of the credit services provider’s stock valued at $135,000 after acquiring an additional 648 shares in the last quarter. Certuity LLC boosted its stake in PayPal by 10.3% during the 2nd quarter. Certuity LLC now owns 6,902 shares of the credit services provider’s stock valued at $401,000 after purchasing an additional 647 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in PayPal by 37.2% during the 2nd quarter. Caprock Group LLC now owns 29,017 shares of the credit services provider’s stock worth $1,684,000 after purchasing an additional 7,868 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

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.