PayPal (PYPL): Financial Outlook Removes Overhang - Baird

October 21, 2016 7:02 AM EDT
Get Alerts PYPL Hot Sheet
Price: $39.65 +0.10%

Rating Summary:
    26 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Baird analyst, Colin Sebastian, reiterated his Outperform rating on shares of PayPal (NASDAQ: PYPL) after earnings. The analyst believes the intermediate-term margin guidance should assuage investor concerns.

PayPal reported Q3 results in-line with street expectations reflecting secular e-commerce growth and increasing market share. Management provided updated three-year financial targets that reflect more proactive efforts to gain incremental revenues and cost efficiencies to offset margin headwinds from the recent V/MA deals.

Management increased out-year revenue growth guidance with stable operating margins vs. expectations for slightly compressing margins. No change to the price target of $48.

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 $40.09 yesterday.

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