Fly News Breaks for March 28, 2017
PYPL
Mar 28, 2017 | 09:03 EDT
Craig-Hallum analyst Brad Berning says that after reviewing the financials from PayPal's Luxembourg based bank, which houses the credit business, he believes that an asset light model would contribute to positive EPS growth rate over time with improved cash flows and capital management. Selling off the credit book will also make the business less volatile and should support a higher relative valuation to trade at or above V/MA compared to the slight 6% discount it is at now, he adds. The analyst reiterates a Buy rating and $52 price target on the shares.
News For PYPL From the Last 2 Days
PYPL
Apr 24, 2024 | 09:11 EDT
DMG Blockchain Solutions (DMGGF) announced a strategic collaboration with PayPal (PYPL) and Energy Web to explore ways to decarbonize the Bitcoin blockchain. The companies are working together on developing methods for transacting on the Bitcoin network which would expand its use as a carbon neutral payment rail, thus advancing its application. DMG, Energy Web, and PayPal are working together to publish a research paper, which we collectively believe will benefit users of the Bitcoin network who would like to take advantage of carbon neutral options in their transactions. PayPal, with its focus on developing its bitcoin payment rail, has been a leader in new payment technologies with the introduction of its enhanced services by integrating blockchain technology, launching the PayPal USD stablecoin with Paxos Trust Company in August 2023 for efficient transactions.