Following the news, Morgan Stanley analyst James Faucette commented on Wednesday that this deal would provide “modest relief to investors,” who were concerned about PayPal losing market share to Apple Pay, given the latter’s faster growth and notable usage by younger customers. Non-GAAP earnings-per-share guidance for 2022 is 4.60-4.75 per share, implying a P/E ratio of 27. On Tuesday, PayPal announced that customers can now add their Venmo credit or debit cards to Apple Wallet and make payments with a simple tap of their iPhone or Apple Watch. PayPals stock is still relatively risky in this market, and the stock may be overvalued. Moreover, the company expects artificial intelligence to enhance its products and aims to attract more customers, given that it has significantly accelerated product innovation.ĭuring the Q2 earnings call management said that it is in the process of launching high-margin, value-added services and expanding internationally. According to 25 Wall Street analysts that have issued a 1 year PYPL price target, the average PYPL price target is 85.24, with the highest PYPL stock price. Management is confident about benefiting from higher e-commerce transactions once the macro challenges fade. Piper Sandler Adjusts Price Target on PayPal to 67 From 77, Maintains Neutral Rating. Monness, Crespi, Hardt Initiates PayPal at Buy Rating With 100 Price Target. TD Cowen Initiates PayPal With Market Perform Rating, Price Target is 66. The company also issued better-than-anticipated Q3 2023 guidance. Analyst Recommendations on PayPal Holdings, Inc. Also, the company’s cost discipline helped drive more than 24% growth in Q2 2023 adjusted EPS, even as revenue increased by only 7%. On the positive side, PayPal’s Total Payment Volume, a key metric indicating the dollar value of transactions conducted on the company’s payments platform, grew 11% to $376.5 billion and exceeded Wall Street’s expectations. The merger is not consummatedby December 31, 2002,or,ifan extension. In Feb, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 5.244 volatility is expected. target's employees and ensure smoother consummation ofthedeal. The weighted average target price per PayPal share in Feb 2024 is: 71.46. These concerns pulled down the stock despite the company reporting better-than-anticipated second-quarter earnings and revenue. Target values for the price of one PayPal share for Feb 2024. In particular, investors are worried about the decline in active accounts and the impact of growth in the company’s lower-margin offerings like Braintree on its profitability.
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