PayPal Reports Strong First Quarter Results
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April 28, 2016 8:00 AM EDT
Baird analyst, Colin Sebastian, raised his PT on PayPal (NASDAQ: PYPL) to $48 from $45 and reiterated his Outperform rating after another solid quarter where the company appears to be gaining marketshare despite the increasing competition.
PayPal reported TPV growth (+31% Y/Y ex-FX vs. +29% Y/Y in 4Q15) well above overall e-commerce, driven by higher user engagement (particularly mobile), suggesting that PayPal continues to gain share despite an increasingly competitive digital payment landscape. Looking ahead, the analyst expects... More
April 28, 2016 7:29 AM EDT
Mizuho Securities analyst Neil Doshi reiterated a Buy rating and boosted his price target on PayPal (NASDAQ: PYPL) to $46.00 (from $40.00) following solid Q1 results.
Doshi commented, "PayPal posted a 1Q beat with guidance that was generally in-line with expectations. However, what... More
April 27, 2016 4:07 PM EDT
PayPal (NASDAQ: PYPL) reported Q1 EPS of $0.37, $0.02 better than the analyst estimate of $0.35. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.5 billion.
GUIDANCE:
PayPal sees Q2 2016 EPS of $0.34-$0.36, versus the consensus of $0.35. PayPal sees Q2... More
