PayPal (PYPL) PT Raised to $330 at Wedbush, After Company Announces Zettle Launch In US

Wedbush analyst Moshe Katri raised the price target on PayPal (NASDAQ: PYPL) to $330.00 (from $300.00) while maintaining a Outperform rating.

Anslyst comments: "Zettle's long-awaited US launch places Paypal's merchant eco-system's breadth of products and services at par with Neutral-rated Square, with one main important advantage -- Paypal's superior transaction conversion rates. The bottom line, we view CY21 as the beginning of a multi-year cycle with accelerating revenue/CEPS growth, reflecting the results of recent/ongoing monetization efforts."

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