Baird Affirms PayPal (PYPL) at 'Outperform' Following Xoom Acquisition; Says Apple Pay Remittance Misunderstood

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Go back to Baird Affirms PayPal (PYPL) at 'Outperform' Following Xoom Acquisition; Says Apple Pay Remittance Misunderstood

Competition Nothing New to PayPal (PYPL); Company Retains First-Mover Advantage - BTIG (AAPL)

November 12, 2015 8:49 AM EST

BTIG affirms PayPal (Nasdaq: PYPL) with a Buy rating and $48 price target amid reports that Apple (Nasdaq: AAPL) is planning to launch a P2P mobile payment platform.

The firm made the following key points:

Competitive threats are nothing new to PYPL - it seems like every year or two, during the past decade, a giant technology firm has tried to make... More