Wedbush Believes Paypal Holdings (NASDAQ: PYPL) Won’t Stop Here

In a report released yesterday, Moshe Katri from Wedbush maintained a Buy rating on Paypal Holdings (PYPLResearch Report), with a price target of $125. The company’s shares opened today at $120.17, close to its 52-week high of $120.68.

According to TipRanks.com, Katri is a 5-star analyst with an average return of 19.8% and a 87.0% success rate. Katri covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Alliance Data Systems, and Epam Systems Inc.

Paypal Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $121.14, a 0.8% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $129 price target.

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Based on Paypal Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.13 billion and net profit of $667 million. In comparison, last year the company earned revenue of $3.85 billion and had a net profit of $526 million.

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