A number of analysts have weighed in on the stock.
In a report issued on October 8, Merrill Lynch also maintained a Buy rating on the stock with a $78 price target. Finally, Craig Hallum set a $65.00 price target on shares of PayPal Holdings and gave the stock a "buy" rating in a research note on Wednesday, June 28th.
October 20 investment analysts at Citigroup left the company rating at "Market Perform" and moved down the price target to $70.00 from $77.00. First Analysis has "Equal-Weight" rating and $16.0 target.
The company now has a P/E ratio of 56.6854 and the market cap is 84.52B.
The company saw 54% growth in mobile payments, totaling $40 billion. The 50 day moving average moved up $5.54 and the 200 day average went up $5.54 or +8.5625%.
Probably the best known electronic payment firm in the world PayPal Holdings Inc (NASDAQ:PYPL) saw shares rise over 3% in NY in extended trading after it reported an earnings beat in its latest quarter. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03, Bloomberg Earnings reports. However it has a net margin of 12.80%.More news: Volkswagen to Field EV in 2018 Pikes Peak Race
PayPal's revenues climbed higher in Q3 2017 to $3.239 billion on a neutral foreign exchange (FX) basis, up 22 percent year-over-year from Q3 2016. During the same quarter past year, the business posted $0.35 earnings per share. The analysts estimated sales for the higher end at 3617 million and lower end at 3483.6 million while the year ago reported sale was 3469.36 million.
The company posted earnings of 46 cents, compared to analysts' expectations of 43 cents per share, according to Thomson Reuters.
TRADEMARK VIOLATION WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and reposted in violation of US & global copyright & trademark legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/20/paypal-holdings-inc-pypl-price-target-raised-to-80-00.html. It dropped, as 37 investors sold CA, Inc. shares while 167 reduced holdings. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
In related news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. The total amount of shares outstanding is 1.21B, giving the company a market capitalization of about 81.10B. The disclosure for this sale can be found here. The stock had a rise in short interest of 5.28% between September 15, 2017 and September 29, 2017.
Institutional investors have also been busy with the stock. W. E. Donoghue & Co. Next quarter's EPS is expected be $0.53 with next year's EPS projected to be $2.21.
Stifel Nicolaus set a $61.00 price objective on PayPal Holdings, Inc. LLC boosted its stake in PayPal Holdings by 71.6% during the 2nd quarter.