Mizuho Securities Re-Starts PayPal (PYPL) at Buy

Mizuho Securities re-initiates coverage on PayPal (NASDAQ: PYPL) with a Buy rating and a price target of $40.00.

Analyst Neil Doshi commented, "We are re-initiating coverage on PYPL with a Buy rating and a $40 PT. PayPal is a leading online payment firm with 173m active accounts that we believe will generate more than $280b in total payment volume (TPV) in 2015. We believe that PayPal is in a unique position to continue to gain share in eCommerce transactions and post solid TPV FXN growth north of 25% in 2016, while having several option value businesses such as Venmo."

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 $33.04 yesterday.

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