JPMorgan initiated coverage on PayPal (NASDAQ: PYPL) with an Overweight rating and a price target of $48.00.

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 $38.39 yesterday.

New Coverage

Barclays Starts PayPal (PYPL) at OverweightJuly 22, 2015 7:10 AM Piper Jaffray Starts PayPal (PYPL) at Underweight; Cites LT Impact from Emerging CompetitionJuly 21, 2015 6:44 AM Stand-Alone PayPal (PYPL) Gets Wall Street LoveJuly 20, 2015 10:02 AM PayPal (PYPL) Completes Separation from eBay (EBAY)July 20, 2015 9:34 AM Nomura Securities Starts PayPal (PYPL) at BuyJuly 20, 2015 8:37 AM BMO Capital Starts PayPal (PYPL) at OutperformJuly 20, 2015 8:25 AM UPDATE: SunTrust Starts PayPal (PYPL) at BuyJuly 20, 2015 7:15 AM Baird Starts PayPal (PYPL) at Outperform; Well Positioned for Long-Term Growth Following eBay SeparationJuly 20, 2015 7:08 AM Wells Fargo Starts PayPal (PYPL) at OutperformJuly 20, 2015 6:41 AM UPDATE: Evercore ISI Starts PayPal (PYPL) at SellJuly 20, 2015 6:39 AM