Susquehanna Boosts PayPal (NASDAQ:PYPL) Price Target to $94.00

PayPal (NASDAQ:PYPL) had its price target raised by Susquehanna from $83.00 to $94.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a positive rating on the credit services provider’s stock.

Several other equities analysts also recently commented on PYPL. Oppenheimer initiated coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Jefferies Financial Group dropped their price objective on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Mizuho upped their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Fifteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.83.

PayPal Stock Performance

Shares of PayPal stock opened at $77.25 on Wednesday. The company has a 50 day moving average of $76.50 and a 200-day moving average of $67.69. PayPal has a 1-year low of $52.55 and a 1-year high of $83.70. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The company has a market cap of $77.45 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, equities research analysts forecast that PayPal will post 4.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Large investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. grew its holdings in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Family Firm Inc. bought a new position in shares of PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its stake in shares of PayPal by 50.6% in the second 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 in the last quarter. Tortoise Investment Management LLC lifted its stake in shares of PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in shares of PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after buying an additional 185 shares in the last quarter. 68.32% of the stock is currently 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.