PayPal (PYPL): Survey Shows Less Impact From Visa Deal Than Previously Thought - Jefferies
Get Alerts PYPL Hot Sheet
Rating Summary:
28 Buy, 31 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Jefferies analyst, Jason Kupferberg, reiterated his Buy rating on shares of PayPal (NASDAQ: PYPL) after a proprietary survey of 1,000 PYPL users suggested that migration from ACH to card-funded transactions will likely be limited and gradual. Additionally, the analyst believes that 50%+ of this EPS headwind could be offset by increased usage of the PayPal platform and Opex controls.
No change to the $48 PT which is based on a blend of 25x unchanged C17 non-GAAP EPS.
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 $38.56 yesterday.
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