Sunday, 3 March 2024

Business News

Barclays Reaffirms Their Buy Rating on Paypal Holdings (PYPL) – TipRanks Financial Blog

Sun Communities price target lowered to $185 from $210 at Barclays

In a report released today, Ramsey El Assal from Barclays maintained a Buy rating on Paypal Holdings (PYPLResearch Report), with a price target of $81.00. The company’s shares closed last Friday at $58.91.

According to TipRanks, El Assal is a 4-star analyst with an average return of 2.7% and a 53.44% success rate. El Assal covers the Technology sector, focusing on stocks such as Affirm Holdings, Cognizant, and FLEETCOR Technologies.

In addition to Barclays, Paypal Holdings also received a Buy from Canaccord Genuity’s Joseph Vafi in a report issued on February 8. However, on February 9, DZ BANK AG downgraded Paypal Holdings (NASDAQ: PYPL) to a Hold.

See the top stocks recommended by analysts >>

Based on Paypal Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.03 billion and a net profit of $1.4 billion. In comparison, last year the company earned a revenue of $7.38 billion and had a net profit of $921 million

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Paypal Holdings (PYPL) Company Description:

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.

Read More on PYPL:

Click Here to Read the Full Original Article at TipRanks Financial Blog…