PayPal (PYPL) PT Raised to $375 at Mizuho Securities

February 4, 2021 6:39 AM EST
Get Alerts PYPL Hot Sheet
Price: $275.43 +2.38%

Rating Summary:
    46 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 17 | New: 52
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Mizuho Securities analyst Dan Dolev raised the price target on PayPal (NASDAQ: PYPL) to $375.00 (from $350.00) while maintaining a Buy rating.

The analyst commented, "Is PayPal becoming the ultimate financial "super app" that "transcends across payments, commerce and financial services"? We at Mizuho and CEO Dan Schulman believe the answer is yes.

But what does a global financial super app look like? The future of PayPal as a super app was on display in 4Q20 as app login doubled for Bitcoin traders, with QR and BNPL driving halo effects in terms of incremental TPV.

We expect the strong 4Q results that were marked by 40% TPV growth ex. eBay and upbeat 2021 guidance will create a pleasant setting for next week's analyst day. Raising medium-term estimates and PT to $375."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities