PayPal (NASDAQ:PYPL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

PayPal (NASDAQ:PYPL) had its target price boosted by Morgan Stanley from $76.00 to $90.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the credit services provider’s stock.

Several other research firms have also commented on PYPL. UBS Group increased their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research note on Friday, December 13th. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Stock Performance

NASDAQ:PYPL opened at $85.45 on Wednesday. PayPal has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $85.67 billion, a PE ratio of 20.39, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a 50 day simple moving average of $84.36 and a two-hundred day simple moving average of $72.87.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that PayPal will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

A number of large investors have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at approximately $26,000. Planning Capital Management Corp increased its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of PayPal during the third quarter valued at about $36,000. Finally, Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.