PayPal Reports Second Quarter 2024 Results
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JPMorgan Reiterates Overweight Rating on PayPal (PYPL)
July 31, 2024 6:36 AM EDTJPMorgan analyst Tien-tsin Huang reiterated an Overweight rating and $77.00 price target on PayPal (NASDAQ: PYPL).
The analyst comments "PayPal stock closed up ~9% (S&P 500 -1%) as 2Q results were well ahead of already heightened expectations since 1Q earnings against pressured stock valuation. Transaction margin dollar growth accelerated again to +8% (4% in 1Q; prior JPMe/Street flattish) on broad-based... More
Bernstein SocGen Group Upgrades PayPal (PYPL) to Outperform - First Time in Nearly Three Years
July 31, 2024 4:55 AM EDTBernstein SocGen Group analyst Harshita Rawat upgraded PayPal (NASDAQ: PYPL) from Market Perform to Outperform with a price target of $78.00 (from $71.00).
The analyst comments "We are tactically upgrading PayPal to OP after almost 3 years. We are encouraged by improved transaction gross profit performance from... More
PayPal (PYPL) PT Raised to $72 at Evercore ISI
July 30, 2024 12:43 PM EDTEvercore ISI analyst David Togut raised the price target on PayPal (NASDAQ: PYPL) to $72.00 (from $70.00) while maintaining a In Line rating.
The analyst comments "PYPL raised full year 2024 adjusted EPS growth guidance to the lowto-mid-teens versus prior estimate of mid to high single digits,... More
