Monness Crespi & Hardt Boosts PayPal (NASDAQ:PYPL) Price Target to $110.00

PayPal (NASDAQ:PYPL) had its price target boosted by equities researchers at Monness Crespi & Hardt from $95.00 to $110.00 in a research note issued on Monday, StockNewsAPI reports. The firm currently has a “buy” rating on the credit services provider’s stock. Monness Crespi & Hardt’s target price indicates a potential upside of 33.04% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. TD Cowen lifted their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. The Goldman Sachs Group upped their target price on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Susquehanna lifted their price target on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research note on Wednesday, July 31st. Finally, Mizuho upped their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $78.77.

PayPal Stock Up 1.2 %

Shares of NASDAQ PYPL opened at $82.68 on Monday. The business has a 50-day moving average of $75.65 and a 200-day moving average of $67.17. The firm has a market capitalization of $86.49 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.50 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal has a 12 month low of $50.58 and a 12 month high of $82.80.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that PayPal will post 4.44 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently bought and sold shares of PYPL. Miracle Mile Advisors LLC raised its holdings in PayPal by 38.1% in the first quarter. Miracle Mile Advisors LLC now owns 11,361 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 3,134 shares in the last quarter. Claro Advisors LLC increased its stake in shares of PayPal by 19.3% in the 1st quarter. Claro Advisors LLC now owns 5,581 shares of the credit services provider’s stock worth $374,000 after acquiring an additional 904 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in PayPal by 18.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after acquiring an additional 36,994 shares during the period. Evolution Wealth Advisors LLC bought a new stake in PayPal during the first quarter worth about $201,000. Finally, Albion Financial Group UT grew its holdings in PayPal by 7.8% in the first quarter. Albion Financial Group UT now owns 4,208 shares of the credit services provider’s stock worth $282,000 after purchasing an additional 305 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

About PayPal

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.