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

PayPal (NASDAQ:PYPL) had its price target hoisted by investment analysts at Susquehanna from $94.00 to $101.00 in a research report issued on Monday, MarketBeat reports. The brokerage presently has a “positive” rating on the credit services provider’s stock. Susquehanna’s price target would suggest a potential upside of 14.81% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a report on Friday, December 13th. Monness Crespi & Hardt raised 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. Piper Sandler reiterated a “neutral” rating and set a $88.00 target price on shares of PayPal in a report on Friday, November 22nd. Wells Fargo & Company raised their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley upped their price objective on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.65.

PayPal Stock Performance

PYPL stock opened at $87.97 on Monday. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66. The business’s 50-day moving average price is $86.15 and its two-hundred day moving average price is $75.34. The firm has a market cap of $88.19 billion, a PE ratio of 21.00, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

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

Institutional Investors Weigh In On PayPal

Several institutional investors have recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the 3rd quarter valued at $26,000. SYSTM Wealth Solutions LLC raised its stake in 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 purchasing an additional 167 shares in the last quarter. Planning Capital Management Corp lifted its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Financial Management Professionals Inc. grew its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in PayPal in the 3rd quarter valued at about $36,000. 68.32% of the stock is currently owned by institutional investors.

About PayPal

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.