PayPal (PYPL) Has Been Upgraded Today by Raymond James to a Outperform

September 15, 2018 - By Jeanette Kaplan

PayPal Holdings, Inc. (NASDAQ:PYPL) Logo

PayPal (PYPL) Stock Upgrade

Raymond James increased shares of PayPal (PYPL) to a solid Outperform rating from the previous Mkt Perform. The change in rating was sent to clients and investors in an analyst note today.

The stock decreased 1.53% or $1.41 during the last trading session, reaching $90.78. About 9.34 million shares traded or 31.01% up from the average. PayPal Holdings, Inc. (PYPL) has risen 47.70% since September 15, 2017 and is uptrending. It has outperformed by 32.08% the S&P500.

Analysts await PayPal Holdings, Inc. (NASDAQ:PYPL) to report earnings on October, 18. They expect $0.40 earnings per share, up 17.65 % or $0.06 from last year’s $0.34 per share. PYPL’s profit will be $473.47M for 56.74 P/E if the $0.40 EPS becomes a reality. After $0.44 actual earnings per share reported by PayPal Holdings, Inc. for the previous quarter, Wall Street now forecasts -9.09 % negative EPS growth.

PayPal Holdings, Inc. operates as a technology platform firm that enables digital and mobile payments on behalf of clients and merchants worldwide. The company has market cap of $107.45 billion. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It has a 54.07 P/E ratio. The company's platform allows clients to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

More notable recent PayPal Holdings, Inc. (NASDAQ:PYPL) news were published by: Streetinsider.com which released: “Deutsche Bank Maintains Bullish View on PayPal (PYPL) Following Fireside Chat with CFO” on September 14, 2018, also Seekingalpha.com with their article: “PayPal’s Virtuous Circle” published on August 26, 2018, Marketwatch.com published: “PayPal COO says latest free feature is a ‘meaningful differentiator'” on September 11, 2018. More interesting news about PayPal Holdings, Inc. (NASDAQ:PYPL) were released by: Seekingalpha.com and their article: “Is Now A Good Time To Buy PayPal?” published on September 06, 2018 as well as Nasdaq.com‘s news article titled: “Mastercard Stock Has Double-Digit Growth on Tap” with publication date: September 14, 2018.

PayPal Holdings, Inc. (NASDAQ:PYPL) Ratings Chart

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