PayPal (PYPL): Notes From CFO Meeting - Wedbush

September 23, 2016 7:26 AM EDT
Get Alerts PYPL Hot Sheet
Price: $44.15 +10.13%

Rating Summary:
    26 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Wedbush analyst Gil Luria, reiterated his Outperform rating on shares of PayPal (NASDAQ: PYPL) after meeting with John Rainey, the company's CFO.

The CFO believes that the company has sufficient data to indicate the introduction of choice will increase sign-up rates, reduce churn and increase basket conversion. Beyond those volume drivers, PayPal can now deliver significant benefits to issuers and share in those economics, as retailers embrace the newly collaborative relationship.

The analyst believes this will help reduce competition as the need for products such as Visa Checkout goes away.

No change to the price target of $50.

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 $40.49 yesterday.

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