Rosenblatt Securities analyst Sean Horgan maintained a Buy rating on Paypal Holdings (PYPL) on October 21 and set a price target of $204.00. The company’s shares closed last Monday at $197.80, close to its 52-week high of $215.83.
According to TipRanks.com, Horgan is a 2-star analyst with an average return of 2.5% and a 57.1% success rate. Horgan covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Marketaxess Holdings, and Cboe Global Markets.
Paypal Holdings has an analyst consensus of Strong Buy, with a price target consensus of $222.86, implying an 11.1% upside from current levels. In a report issued on October 8, Wolfe Research also maintained a Buy rating on the stock with a $225.00 price target.
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Based on Paypal Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.26 billion and net profit of $1.53 billion. In comparison, last year the company earned revenue of $4.31 billion and had a net profit of $823 million.
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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