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Fly News Breaks for February 11, 2019
PYPL
Feb 11, 2019 | 06:11 EDT
Loop Capital analyst Joseph Vafi raised his price target on PayPal to $86 to reflect the recovery in the multiples of some of its peers. The analyst also keeps his Hold rating on the shares, noting that while its Venmo franchise is "plowing forward", the free multi-bank electronic payments consortium Zelle is receiving less attention even though it processes nearly twice in transaction volume. With Zelle payment volume growing 61% last year, Vafi expects "at least some" Venmo users to switch platforms.
News For PYPL From the Last 2 Days
PYPL
Apr 18, 2024 | 06:49 EDT
