PayPal (PYPL) PT Raised to $65 at Baird
Baird raised its price target on PayPal (NASDAQ: PYPL) to $65.00 (from $59.00) while maintaining a Outperform rating.
Analyst Colin Sebastian comments to clients in a more research note that he would be an opportunistic buyer given ongoing positive eCommerce trends, new partnership opportunities Venmo monetization and asset light credit strategies which ought to generate further upside catalysts.
FY 2017 EPS estimate rises from $1.80 to $1.84 and FY 2018 EPS estimate from $2.18 to $2.19.