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PYPL

PayPal

$39.48

0.24 (0.61%)

, V

Visa

$82.15

-0.3 (-0.36%)

07:24
10/18/16
10/18
07:24
10/18/16
07:24

Oppenheimer remains bullish on PayPal ahead of results

Oppenheimer analyst Glenn Greene remains attracted to PayPal's (PYPL) "unique" digital payments assets, including Braintree, Venmo, Xoom, and "impressive" growth profile. Further, the analyst says that some of his previous concerns about the company's long-term competitive positioning have been allayed by the recent Visa (V)/MasterCard (MA) partnerships. Greene reiterates an Outperform rating and $43 price target on PayPal's shares.

PYPL

PayPal

$39.48

0.24 (0.61%)

V

Visa

$82.15

-0.3 (-0.36%)

MA

MasterCard

$100.85

-0.03 (-0.03%)

  • 23

    Oct

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    Oct

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    Nov

PYPL PayPal
$39.48

0.24 (0.61%)

09/19/16
09/19/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Hold from Buy at Canaccord with analyst Michael Graham saying he expects TPV growth to remain solid driven by Venmo and One Touch, but said these factors are well understood and reflected in estimates. 2. Viacom (VIA, VIAB) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil saying the stock's valuation is no longer attractive in the wake of the news that the company had decided to table its plans to sell a minority stake in Paramount. 3. Caterpillar (CAT) downgraded to Mixed from Positive at OTR Global with the firm saying third quarter global new heavy equipment orders are down 8%-11% year-over-year on weakness in North American. 4. Western Union (WU) downgraded to Negative from Neutral at Susquehanna with analyst James Friedman saying he is concerned about downside risks given the company's high multiple, increased regulatory scrutiny, and the lack of improvement in its Middle East business. 5. Campbell Soup (CPB) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
BERN
10/05/16
NO CHANGE
BERN
Market Perform
Bernstein lays out six possible strategic outcomes for PayPal
After hosting a call to discuss PayPal's (PYPL) strategic options following its recently announced deals with Visa (V) and MasterCard (MA), Bernstein analyst Lisa Ellis laid out the potential strategic outcomes for PayPal that she foresees. In order from most to least likely: the most likely outcome PayPal's business model remains but that it shifts to debit centric vs. ACH; it is less likely, but a risk, that PayPal becomes a merchant acquirer; even less likely is that PayPal becomes a closed-loop. The chance that PayPal is acquired is "unlikely but less so" after the deals with the card majors, Ellis added. Lastly, she sees a "low probability" PayPal withers away or that it morphs into something else via acquisition. The firm has a Market Perform rating on PayPal shares.
10/11/16
JEFF
10/11/16
NO CHANGE
Target $48
JEFF
Buy
PayPal Q3 results could be positive catalyst, says Jefferies
Jefferies analyst Jason Kupferberg believes PayPal's Q3 results on October 20 would be a positive catalyst for the shares. The analyst expects a "solid" quarter and still views PayPal as the best way to play digital/online payments. He keeps a Buy rating on the shares with a $48 price target.
10/18/16
EVER
10/18/16
INITIATION
Target $46
EVER
Buy
PayPal coverage transferred with a Buy at Evercore ISI
Evercore ISI analyst David Togut assumed coverage on PayPal with a Buy rating and a $46 price target.
V Visa
$82.15

-0.3 (-0.36%)

10/03/16
BARD
10/03/16
NO CHANGE
Target $175
BARD
Outperform
Costco could see sluggish September comps, says Baird
Baird analyst Peter Benedict previewed September sales for Costco (COST). He believes comps could be sluggish as they are going against difficult comparisons. Looking ahead, however, he sees better traffic and sales as comparisons start to ease and members increasingly recognize the benefits of the new co-branded Visa (V) card. Benedict reiterated his Outperform rating and $175 price target on Costco shares.
10/17/16
DBAB
10/17/16
NO CHANGE
Target $103
DBAB
Buy
Deutsche ups price targets for Visa, MasterCard
Deutsche Bank analyst Bryan Keane expects accelerating growth to drive higher valuation multiples for the Payment Networks. The analyst raised his price target for Visa (V) to $103 from $87 and for MasterCard (MA) to $124 from $104. Keane keeps Buy ratings on both stocks.
10/17/16
PACS
10/17/16
NO CHANGE
PACS
Visa should be bought at current levels, says Pacific Crest
Pacific Crest analyst Josh Beck says that the end of Visa's fiscal 2016 should be "strong," highlighted by rock-solid Visa Europe execution and Costco strength." The analyst thinks that the stock "has real breakout potential." He keeps a $92 price target and Overweight rating on the shares.
MA MasterCard
$100.85

-0.03 (-0.03%)

09/06/16
BARD
09/06/16
NO CHANGE
Target $48
BARD
Outperform
PayPal card deals long-term positive despite near-term margin impact, says Baird
After PayPal (PYPL) announced this morning that it has agreed to an expanded partnership with MasterCard (MA), Baird analyst Colin Sebastian said the new deal closely mirrors the company's recent agreement with Visa (V). He believes the partnerships with the card networks are a long-term positive for PayPal despite the likely negative near-term impact on margins, as he thinks PayPal's digital wallet will ultimately be more successful with the card networks' cooperation. Sebastian keeps an Outperform rating and $48 price target on PayPal shares.
09/08/16
JEFF
09/08/16
NO CHANGE
Target $48
JEFF
Buy
Jefferies says PayPal concerns over MasterCard deal overdone
After surveying 1,000 PayPal (PYPL) users, Jefferies analyst Jason Kupferberg believes the migration from ACH to card-funded transactions will likely be limited and gradual. The recent network partnerships will weigh on Paypal's transaction margins, but increased choice should lead to increased usage, Kupferberg tells investors in a research note. He believes concerns over the MasterCard (MA) deal are overdone and keeps a Buy rating on PayPal with a $48 price target.

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