Jefferies Reiterates Buy on PayPal (PYPL)

December 1, 2016 9:37 AM EST
Get Alerts PYPL Hot Sheet
Price: $41.69 +1.02%

Rating Summary:
    29 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade PYPL Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Jefferies reiterated a Buy rating and $52.00 price target on PayPal (NASDAQ: PYPL) as the company considers a more asset-light model for its consumer credit business. Jefferies thinks the change could be related to both new and existing loans, and expects further updates over the next couple of quarters.

Analyst Jason Kupferberg commented, "PYPL is considering a more asset-light model for its consumer credit business, which while modestly EPS dilutive, would de-risk the business while still providing the same fly-wheel benefits, and we think would enhance PYPL's multiple. We also believe PYPL's focus on becoming the platform and partner of choice in online/mobile/social payments will ultimately drive long-term shareholder value. Maintain Buy."

For an analyst ratings summary and ratings history on PayPal click here. For more ratings news on PayPal click here.

Shares of PayPal closed at $39.28 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Jefferies & Co

Add Your Comment