Merrill Lynch analyst Jason Kupferberg maintained a Buy rating on Paypal Holdings (PYPL) yesterday and set a price target of $127. The company’s shares closed last Monday at $105.60.
According to TipRanks.com, Kupferberg is a top 100 analyst with an average return of 16.1% and a 71.4% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and I3 Verticals Inc.
Currently, the analyst consensus on Paypal Holdings is a Strong Buy with an average price target of $129.65, representing a 20.3% upside. In a report issued on September 11, Canaccord Genuity also initiated coverage with a Buy rating on the stock.
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Paypal Holdings’ market cap is currently $124.3B and has a P/E ratio of 50.29. The company has a Price to Book ratio of 7.70.
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