PayPal (PYPL) Tops Q2 EPS by 3c; Raises Outlook

UPDATE: Cantor Fitzgerald Assumes PayPal (PYPL) at Overweight

July 27, 2017 4:51 PM EDT

(Updated - July 28, 2017 7:09 AM EDT)

(updated to add analyst comment)

Cantor Fitzgerald assumes coverage on PayPal (NASDAQ: PYPL) with a Overweight rating and a price target of $70.00.

Analyst Joseph Foresi assumes coverage from analyst Naved Khan. He believes... More

PayPal (PYPL) PT Raised to $64 at Deutsche Bank

July 27, 2017 8:22 AM EDT

Deutsche Bank raised its price target on PayPal (NASDAQ: PYPL) to $64.00 (from $61.00) while maintaining a Buy rating.

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PayPal (PYPL) PT Raised to $52 at Cowen

July 27, 2017 8:01 AM EDT

Cowen raised its price target on PayPal (NASDAQ: PYPL) to $52.00 (from $48.00) while maintaining a Market Perform rating. Strong 2Q results exceeded revenue estimates by ~150 bps, with a more modest EPS beat of $0.01, resulting in the second guidance raise of the year.

Cowen raised 2017 and 2018 adj. EPS estimates to $1.84 and $2.23, respectively.

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PayPal (PYPL) PT Raised to $68 at Nomura/Instinet

July 27, 2017 6:50 AM EDT

Nomura/Instinet raised its price target on PayPal (NASDAQ: PYPL) to $68.00 (from $57.00) while maintaining a Buy rating.

Analyst Bill Carcache says the company is "oozing bullishness" and comments that investors should expect further outperformance.

FY 2017 EPS estimate rises from $1.77 to $1.83 and keeps FY 2018 EPS estimate at $2.12.

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PayPal (PYPL) PT Raised to $62 at BofA/Merrill Lynch

July 27, 2017 6:47 AM EDT

BofA/Merrill Lynch raised its price target on PayPal (NASDAQ: PYPL) to $62.00 (from $58.00) while maintaining a Neutral rating.

Analyst Kenneth Bruce calls the Q2 report "good" and notes the strong momentum and higher guidance as a reason to not be negative... More

PayPal (PYPL) PT Raised to $66 at Barclays

July 27, 2017 6:33 AM EDT

Barclays raised its price target on PayPal (NASDAQ: PYPL) to $66.00 (from $63.00) while maintaining a Overweight rating.

Analyst Darrin Peller believes the business partnerships are encouraging and comments "We expect contributions from recent partnerships to provide a source of upside in FY18 once... More

PayPal (PYPL) PT Raised to $65 at Baird

July 27, 2017 6:26 AM EDT

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... More

PayPal (PYPL) PT Raised to $67 at Citi

July 27, 2017 6:24 AM EDT

Citi raised its price target on PayPal (NASDAQ: PYPL) to $67.00 (from $62.00) while maintaining a Buy rating.

Analyst Ashwin Shirvaikar believes PYPL is great way to play the digital commerce trend and over the LT believes the company will continue to enhance their... More

PayPal raises 2017 forecasts on growth in users, payment volumes

July 26, 2017 4:12 PM EDT

By Anna Irrera and Nikhil Subba

(Reuters) - Digital payments company PayPal Holdings Inc raised its earnings outlook on Wednesday after reporting better-than-expected quarterly results, driven by growth in users and transaction volumes.

The San Jose, California-based company beat Wall Street expectations for both profit and revenue in the second quarter, and raised its full-year adjusted earnings forecast to a range of $1.80 per share to $1.84 per share, from $1.74 per share to $1.79 per share.

PayPal shares rose 2.9 percent to $60.50 in after-hours trading.

Since... More