PayPal (PYPL): Why Paypal Is A Must Own Stock - Jefferies
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Jefferies analyst, Jason Kupferberg, reiterated his Buy rating on shares of PayPal (NASDAQ: PYPL) after the new 3-year outlook implied 16-17% constant currency revenue growth (up from 15%), and perhaps more importantly, a stable to up operating margin profile.
This unchanged operating margin forecast is a real positive, as it takes the bear case of margin degradation from the recently signed V/MA partnerships off the table.
price target of $48.00
Shares of PayPal closed at $40.09 yesterday.
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