Analyst Optimistic About Paypal Holdings Inc (PYPL) Partnership with Visa
Analyst Gil Luria of Wedbush reiterated his Outperform rating for Paypal Holdings Inc (NASDAQ:PYPL) with a price target of $50, marking a 32% increase from current levels.
After having a call with the former VP of Mobile Payment Solutions at Visa and the former Head of Consumer Products at PayPal the analyst thinks that Paypal will stay the commerce payments leader because of the unprecedented upside its partnership with Visa gives it. According to these former upper-level staffers the partnership will help Paypal’s user experience because of “access to tokenization, reduced fraud, ability to work with issuers, and access to card art.”
According to TipRanks, Luria has a success rate of 61% with an average return of 4.6% per recommendation.