PayPal (PYPL) PT Raised to $84 at RBC Capital
RBC Capital analyst Daniel Perlin raised the price target on PayPal (NASDAQ: PYPL) to $84.00 (from $74.00) while maintaining a Outperform rating.
The analyst comments "PYPL’s new management team is off to a strong and credible start, continuing to drive improvements in product innovation (across enterprise, SMB, and consumer products), while creating transparency and realistic expectations in guidance. Specifically, we would call out the combo platter of better-than-expected TPV growth (14% vs. RBCe 10%), absolute dollar transaction margins (+4% y/y vs. RBCe +1%) and adj. EPS inclusive of SBC ($1.08 vs. RBCe $0.93)."