PayPal (PYPL) Lays out a 5 Year Vision of Stable Growth at Analyst Day - RBC Capital
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RBC Capital analyst Daniel Perlin reiterated an Outperform rating and $292.00 price target on PayPal (NASDAQ: PYPL) after the company laid out an ambitious plan to achieve 750M active users by FY25, up from the 377M at the end of FY20, suggesting a 15% CAGR. This level of growth appears very aggressive when considering it is just slightly below the ~16% achieved from FY15-FY20.
The analyst stated "the CEO outlined the digital paradigm shift that is occurring which calls for re-imagining the PayPal digital wallet through the lens of: 1) payments, 2) financial services, and 3) shopping. Payments – will be all digitized and tokenized (increased security), incorporating crypto (including CBDC), rewards points, and be instant/real-time in nature. Financial services – through
partnerships PYPL intends to offer high yield savings accounts, direct deposit, investment capabilities (stock, crypto and possibly other digitized assets), bill payment, subscription management, and budgeting tools."
Shares of PayPal closed at $291.40 yesterday.
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