PayPal (NASDAQ:PYPL) Moves On Credit Suisse Initiating Coverage of Shares


How Credit Suisse Currently Rates PayPal (NASDAQ:PYPL)

In analysts report finalized on 11 December, research analysts at Credit Suisse launched coverage on PayPal (NASDAQ:PYPL) shares. The financial company issued a key Outperform rating for PYPL stock.

From a total of 31 analysts covering PayPal Holdings Inc (NASDAQ:PYPL) stock, 23 rate it a ”Buy”, 3 a “Sell”, and 9 a ”Hold”. This means that 66% of the ratings are positive. The highest target price is $50 while the lowest target price is $23. The mean of all analyst targets is $41.35 with a 20.15% above today’s ($35.19) stock price. PayPal Holdings Inc was the topic of 31 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on October 29 with “Neutral” rating. Stifel Nicolaus upgraded shares to “Buy” rating and $40 target share price in a report from a September 21. Evercore maintained PYPL stock in a recent report from October 6 with “Sell” rating. Axiom Capital initiated the rating on September 17. Axiom Capital has a “Hold” rating and a $36 price target on shares. Finally, Pacific Crest initiated the stock with “Sector Perform” rating in a report issued on an October 2.

Approximately 1.42 million shares of stock traded hands. Paypal Holdings Inc (NASDAQ:PYPL) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 9.02% the S&P500.

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 $43.68 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 37.43 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.

According to Zacks Investment Research, “PayPal Holdings, Inc. is a technology platform company. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products. PayPal Holdings, Inc. is based in San Jose, California.” Get a free copy of the Zacks research report on Paypal Holdings Inc (PYPL).