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PYPL

PayPal

$68.86

1.08 (1.59%)

05:22
10/13/17
10/13
05:22
10/13/17
05:22

PayPal price target raised to $80 from $70 at Jefferies

Jefferies analyst Ramsey El-Assal raised his price target for PayPal to $80 saying he sees "potentially material upside" to forward estimates given "continued dramatic growth" in the Venmo user base. In fiscal year 2020, if 20% of users pay with Venmo a few times per month, the incremental earnings contribution could be 5%-10%, El-Assal tells investors in a research note. The analyst notes that intra-quarter data points imply modest upside to Q3 consensus estimates. He believes, though, that elevated expectations will likely limit the share upside on the results. The analyst keeps a Buy rating on PayPal.

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PYPL PayPal
$68.86

1.08 (1.59%)

10/11/17
10/11/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) upgraded to Buy from Hold at Jefferies with analyst Jeffrey Holford saying J&J's Pharma division is "under-modeled" by analysts and will drive above-consensus revenue and earnings growth. 2. Visa (V) and MasterCard (MA) were upgraded to Outperform from Market Perform at Wells Fargo. 3. Colgate-Palmolive (CL) upgraded to Buy from Hold at SunTrust with analyst William Chappell saying the recent three consecutive quarters of weak results is an "anomaly" given the company's long term track record of consistent mid-single-digit or higher organic growth. 4. AbbVie (ABBV) upgraded to Outperform from Market Perform at Cowen with analyst Steve Scala saying AbbVie "showed the best" of all the companies at Cowen's Annual Therapeutics Conference last week. 5. PayPal (PYPL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst James Faucette calling it among the few large companies that can deliver high-teens revenue and 20% EPS growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/17
10/11/17
UPGRADE
Target $76

Overweight
PayPal upgraded to Overweight on revised view of eBay risk at Morgan Stanley
As previously reported, Morgan Stanley analyst James Faucette upgraded PayPal (PYPL) to Overweight from Equal Weight, calling it among the few large companies that can deliver high-teens revenue and 20% EPS growth. While he previously was on the sidelines due to risk from its contract renegotiation with eBay (EBAY), he now believes the market may be overly concerned with it as he thinks the most likely renewal structure will feature rebates from PayPal to eBay, he tells investors. Faucette raised his price target on PayPal shares to $76 from $62. He also raised his price target on eBay to $33 from $29, though he keeps an Underweight rating on its shares.
10/11/17
MSCO
10/11/17
UPGRADE
MSCO
Overweight
PayPal upgraded to Overweight from Equal Weight at Morgan Stanley
10/10/17
FBCO
10/10/17
NO CHANGE
Target $70
FBCO
Outperform
PayPal price target raised to $70 from $63 at Credit Suisse
Credit Suisse analyst Paul Condra raised his price target for PayPal to $70 from $63 as he continues to like the stock primarily for its pure-play exposure to online/mobile commerce and the potential growth opportunities inherent to this industry. The analyst believes the market underestimates the stickiness of the PayPal platform and expects the brand could gain strength globally as its newly established tech/finance relationships deepen and evolve. He reiterates an Outperform rating on the shares.

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VZ

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CE

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TOSBF

Toshiba, also use TOSYY

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PNW

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GILD

Gilead

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POT

Potash

$19.24

0.08 (0.42%)

, AGU

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
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NVO

Novo Nordisk

$50.13

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CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

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VTGN

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LLNW

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VMI

Valmont

$160.85

1.9 (1.20%)

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AGEN

Agenus

$4.71

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PEGI

Pattern Energy

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GE

General Electric

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UNB

Union Bankshares

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OIS

Oil States

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AXP

American Express

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OIS

Oil States

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AXP

American Express

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APRN

Blue Apron

$5.30

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