Analysts Offer Insights on Technology Companies: Facebook (FB) and Paypal Holdings (PYPL)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Facebook (NASDAQ:FB) and Paypal Holdings (NASDAQ:PYPL) with bullish sentiments.

Facebook (FB)

Canaccord Genuity analyst Michael Graham reiterated a Buy rating on Facebook yesterday and set a price target of $200. The company’s shares closed yesterday at $217.50, close to its 52-week high of $218.62.

According to TipRanks.com, Graham is a top 100 analyst with an average return of 21.9% and a 64.3% success rate. Graham covers the Technology sector, focusing on stocks such as The Meet Group Inc, Alphabet Inc, and Synacor Inc.

Currently, the analyst consensus on Facebook is a Strong Buy with an average price target of $230, implying a 5.7% upside from current levels. In a report issued on July 11, Nomura also initiated coverage with a Buy rating on the stock with a $228 price target.

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Paypal Holdings (PYPL)

In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Paypal Holdings, with a price target of $98. The company’s shares closed yesterday at $91.37, close to its 52-week high of $92.35.

Foresi observed:

“: We maintain our Overweight rating and raise our 12-month PT to $98 from $93 on PayPal. We are attracted to the company’s above-average industry growth rate and advantageous market positioning in eCommerce. Quarterly results were above expectations, and PayPal raised 2018 guidance. Growth in net new active accounts and user engagement remained strong. Venmo continues its strong growth. We believe PayPal can grow at roughly double the market average, supporting its premium to the group.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 21.4% and a 88.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Paypal Holdings has an analyst consensus of Strong Buy, with a price target consensus of $96.62, representing a 5.7% upside. In a report issued on July 19, Morgan Stanley also maintained a Buy rating on the stock with a $96 price target.

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