Paypal Holdings (PYPL) Received its Third Buy in a Row
After Wedbush and Rosenblatt Securities gave Paypal Holdings (NASDAQ: PYPL) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Jason Kupferberg reiterated a Buy rating on Paypal Holdings today and set a price target of $127. The company’s shares closed last Monday at $107.10.
According to TipRanks.com, Kupferberg is a top 100 analyst with an average return of 16.2% and a 71.9% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Global Payments Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paypal Holdings with a $130.06 average price target, implying a 23.0% upside from current levels. In a report issued on September 10, Evercore ISI also reiterated a Buy rating on the stock.
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The company has a one-year high of $121.48 and a one-year low of $74.66. Currently, Paypal Holdings has an average volume of 6.37M.
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