Susquehanna Boosts PayPal (NASDAQ:PYPL) Price Target to $101.00

PayPal (NASDAQ:PYPL) had its price target increased by Susquehanna from $94.00 to $101.00 in a research report sent to investors on Monday, Marketbeat Ratings reports. Susquehanna currently has a positive rating on the credit services provider’s stock.

Several other analysts also recently weighed in on PYPL. Piper Sandler reissued a “neutral” rating and set a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Finally, Monness Crespi & Hardt increased their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Performance

Shares of PYPL stock opened at $87.94 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $88.16 billion, a PE ratio of 20.99, a PEG ratio of 1.66 and a beta of 1.44. PayPal has a 12-month low of $55.77 and a 12-month high of $93.66. The business’s fifty day simple moving average is $86.34 and its 200-day simple moving average is $75.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the business posted $0.97 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that PayPal will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the third quarter worth about $26,000. SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Planning Capital Management Corp lifted its holdings in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Financial Management Professionals Inc. grew its position in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in PayPal during the third quarter worth $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.