Paypal Holdings Inc (PYPL) Stock Jumps 7% on Better Than Expected Earnings

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When Paypal Holdings Inc (NASDAQ:PYPL) recently broke off from eBay, many people wondered if the two companies could survive on their own. Many people thought that Paypal would have an easier time getting along by themselves than former partner eBay would. As of today there is some evidence agreeing with this opinion. While eBay apparently is having trouble continuing their growth trajectory, PayPal seems to be doing just fine.

After the market closed yesterday, Paypal Holdings Inc (NASDAQ:PYPL) reported earnings which beat the numbers that Wall Street had expected to see. The company reported $2.56 billion in revenue, which exceeded the Street’s expectations of $2.51 by around $50 million. For the upcoming quarter, Paypal expects to see revenues of between $2.47 and $2.52 billion which seems to be on the upside of analysts’ expectations of $2.48 billion. Paypal seems to have a lot of room for growth, with undertakings of new projects such as a pilot program with Alibaba, while eBay will struggle to find the next niche that could help bring them in closer competition to the likes of Amazon.

The stock closed at $31.59 during the last trading session. It is up 6.00% since December 29, 2015 and is uptrending. It has outperformed the S&P500 by 17.02%.

From a total of 25 analysts covering PayPal Holdings Inc (NASDAQ:PYPL) stock, 13 rate it a “Buy”, 5 a “Sell”, and 7 a “Hold”. This means that 52% of the ratings are positive. The highest target price is $54 while the lowest target price is $31. The mean of all analyst targets is $41.65 which is 31.85% above today’s ($31.59) stock price. PayPal Holdings Inc was the topic of 34 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Mizuho reinitiated shares on January 13 with a “Neutral” rating. Evercore maintained shares with a”Sell” rating and a $31 target share price in their report from an October 6. Credit Suisse initiated PYPL stock in a recent report from December 11 with a “Outperform” rating. Stifel Nicolaus upgraded the rating on September 21. Stifel Nicolaus has a “Buy” rating and a $40 price target on shares. Finally, Jefferies upgraded the stock to a “Top Pick” rating in a report they issued on an October 14.

PayPal Holdings, Inc. is a technology platform company, which enables digital and mobile payments on behalf of clients and merchants around the world. The company has a market cap of $38.59 billion. The Firm focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It has 33.6 P/E ratio. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products.

#focuskw=’Paypal Holdings Inc (NASDAQ:PYPL)’##metadesc=’When Paypal Holdings Inc (NASDAQ:PYPL) recently broke off from eBay, many people wondered if the two companies could survive on their own. Many people thought that Paypal would have an easier time getting along by themselves than former partner eBay would. As of today there is some evidence agreeing with this opinion. While eBay apparently is having trouble continuing their growth trajectory, PayPal seems to be doing just fine.

After the market closed yesterday, Paypal Holdings Inc (NASDAQ:PYPL) reported earnings which beat the numbers that Wall Street had expected to see. The company reported $2.56 billion in revenue, which exceeded the Street’s expectations of $2.51 by around $50 million. For the upcoming quarter, Paypal expects to see revenues of between $2.47 and $2.52 billion which seems to be on the upside of analysts’ expectations of $2.48 billion. Paypal seems to have a lot of room for growth, with undertakings of new projects such as a pilot program with Alibaba, while eBay will struggle to find the next niche that could help bring them in closer competition to the likes of Amazon.

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