KeyBanc analyst Josh Beck maintained a Buy rating on Paypal Holdings (PYPL) today and set a price target of $300.00. The company’s shares closed last Tuesday at $241.00, close to its 52-week high of $254.39.
According to TipRanks.com, Beck is a top 25 analyst with an average return of 38.9% and a 84.7% success rate. Beck covers the Technology sector, focusing on stocks such as Fidelity National Info, Global Payments, and Coupa Software.
Paypal Holdings has an analyst consensus of Strong Buy, with a price target consensus of $249.43, representing a 1.0% upside. In a report issued on January 13, Jefferies also maintained a Buy rating on the stock with a $280.00 price target.
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Paypal Holdings’ market cap is currently $282.4B and has a P/E ratio of 93.50. The company has a Price to Book ratio of 35.32.
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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.
