In a report issued on September 8, Colin Sebastian from Robert W. Baird maintained a Buy rating on Paypal Holdings (PYPL – Research Report), with a price target of $325.00. The company’s shares closed last Tuesday at $282.24.
According to TipRanks.com, Sebastian is a top 100 analyst with an average return of 29.7% and a 70.2% success rate. Sebastian covers the Technology sector, focusing on stocks such as Playtika Holding, Alphabet Class C, and Alphabet Class A.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paypal Holdings with a $337.70 average price target, representing a 19.8% upside. In a report issued on August 31, Wolfe Research also maintained a Buy rating on the stock with a $360.00 price target.
Based on Paypal Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.24 billion and net profit of $1.18 billion. In comparison, last year the company earned revenue of $5.26 billion and had a net profit of $1.53 billion.
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PayPal Holdings, Inc. is a digital payments platform that enables its customers to send and receive payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, iZettle and Hyperwallet products. The company was founded in December 1998 and is headquartered in San Jose, CA.