Jefferies analyst Ramsey El-Assal sees a "significant" online marketplace opportunity for PayPal (PYPL) following the changes to its contract with eBay (EBAY). Even modest incremental penetration of the top 75 global marketplaces could move the earnings needle for PayPal, El-Assal tells investors in a research note. The analyst estimates $1.8 trillion of incremental addressable volume from marketplaces where PayPal is not accepted. He believes a broader marketplace opportunity could be a long-term driver of upside and keeps a Buy rating on PayPal with a $98 price target
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Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).