In a report released today, Dan Dolev from Mizuho Securities maintained a Buy rating on Paypal Holdings (PYPL), with a price target of $290.00. The company’s shares closed last Friday at $204.45, close to its 52-week high of $212.45.
Dolev has an average return of 4.6% when recommending Paypal Holdings.
According to TipRanks.com, Dolev is ranked #651 out of 7017 analysts.
Currently, the analyst consensus on Paypal Holdings is a Strong Buy with an average price target of $221.93, which is an 8.6% upside from current levels. In a report issued on October 8, Merrill Lynch also assigned a Buy rating to the stock with a $235.00 price target.
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The company has a one-year high of $212.45 and a one-year low of $82.07. Currently, Paypal Holdings has an average volume of 7.77M.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The firm also enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom. The company was founded in December 1998 and is headquartered in San Jose, CA.
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