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PYPL

PayPal

$79.21

1.39 (1.79%)

18:37
05/17/18
05/17
18:37
05/17/18
18:37

PayPal confirms acquisition of iZettle for $2.2B

PayPal announced that it has agreed to acquire iZettle, the leading small business commerce platform in Europe and Latin America, for $2.2B. The acquisition of iZettle significantly expands PayPal's in-store presence, strengthening PayPal's platform to help millions of small businesses around the world grow and thrive in an omnichannel retail environment. The transaction is expected to be approximately $0.01 dilutive to PayPal's previously communicated full year 2018 non-GAAP EPS. The transaction is expected to close in the third quarter of 2018. The completion of this transaction is subject to customary closing conditions, including regulatory approvals. The two companies will continue to operate independently until close.

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PYPL PayPal
$79.21

1.39 (1.79%)

05/17/18
UBSW
05/17/18
NO CHANGE
Target $115
UBSW
Buy
American Express 'top pick' among Payment Networks, says UBS
UBS analyst Eric Wasserstrom sees American Express (AXP) as his top pick among the Payment Networks, rating the company with a Buy and a $115 price target. The analyst is positive on the broader industry, saying his proprietary data suggests a robust growth trend, with the total addressable market for electronic payments estimated around $95T. Wasserstrom notes that the UBS survey of small and midsized merchants across 4 geographies suggests that 94% of respondents intend to add support to accept electronic payments. More specifically, he expects American Express to show "accelerating discount volumes and loan growth", supporting EPS growth and a high-level stability of profitability. Based on the differentiated view among analysts for American Express earnings, the analyst sees the company as a "beat and raise story". As part of his broader research note, as reported earlier, Wasserstrom has also assumed PayPay (PYPL) at Buy with a $90 price target, Visa (V) at Neutral with a $141 price target, and initiated MasterCard (MA) at Neutral with a $205 price target. He expects PayPal to benefit from "sustained volume growth" driven by engagement of its core constituencies and demand for its processor/gateway services from merchants. For Visa and MasterCard, the analyst sees sustained secular trends of growth in personal consumption expenditures and increasing adoption of electronic payments to drive annual revenue growth rates of up to 11% beyond FY18.
05/17/18
UBSW
05/17/18
UPGRADE
Target $90
UBSW
Buy
PayPal assumed with a Buy from Neutral at UBS
UBS analyst Eric Wasserstrom assumed coverage of PayPal Holdings and upgraded the shares to Buy from Neutral. The analyst raised his price target for the shares to $90 from $83. PayPal will benefit from sustained volume growth given the growing engagement from merchants and consumers, Wasserstrom tells investors in a research note. He sees these trends driving positive revisions to consensus earnings.
05/17/18
NOMU
05/17/18
NO CHANGE
Target $100
NOMU
Buy
PayPal investor day to serve as positive catalyst, says Nomura Instinet
Nomura Instinet analyst Bill Carcache expects PayPal's upcoming investor day to serve as a positive catalyst for the shares. The stock has range bound most of this year, as the benefit of positive earnings revisions has been largely offset by multiple compression that started when the company announced its eBay (EBAY) breakup at the end of January, Carcache tells investors in a research note. He raised his price target for PayPal shares to $100 from $98 and thinks the investor day will reignite investor enthusiasm. Carcache keeps a Buy rating on the name.
05/16/18
NOMU
05/16/18
NO CHANGE
Target $65
NOMU
Buy
Square app downloads growing faster than PayPal, says Nomura Instinet
Nomura Instinet analyst Dan Dolev says his firm's monthly app tracker shows Square (SQ) Cash App downloads are growing faster than PayPal's (PYPL) Venmo, with growth accelerating in recent months. In bitcoin, while Coinbase downloads are slowing versus peak, Square "remains balanced," Dolev tells investors in a research note titled "Tracker Shows SQ Cash App Is Surging." The analyst reiterates a Buy rating on Square with a $65 price target.

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WEB

Web.com

$18.90

-0.15 (-0.79%)

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MU

Micron

$55.46

2.085 (3.91%)

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KMB

Kimberly-Clark

$104.72

1.1 (1.06%)

, JNJ

Johnson & Johnson

$123.68

-0.59 (-0.47%)

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JNJ

Johnson & Johnson

$123.68

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MLNT

Melinta Therapeutics

$7.30

-0.2 (-2.67%)

16:12
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16:12
Syndicate
Melinta Therapeutics files to sell $75M in common stock »

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GE

General Electric

$15.26

0.275 (1.84%)

, WAB

Wabtec

$98.50

3.27 (3.43%)

16:11
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On The Fly: Top stock stories for Monday »

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TSLA

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PLAY

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2.42 (6.36%)

ENR

Energizer

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3.38 (5.98%)

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$240.55

-12.4 (-4.90%)

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Qudian

$9.58

-1.9 (-16.55%)

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SGMS

Scientific Games

$62.20

1.9 (3.15%)

16:10
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YELP

Yelp

$46.54

0.1 (0.22%)

16:10
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05/21
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Breaking Hot Stocks news story on Yelp »

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  • 22

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LBY

Libbey

$6.84

-0.27 (-3.80%)

16:09
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Libbey suspends quarterly cash dividend »

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ADBE

Adobe

$237.95

-0.09 (-0.04%)

16:08
05/21/18
05/21
16:08
05/21/18
16:08
Conference/Events
Adobe to hold a conference call »

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VSTM

Verastem

$5.16

0.14 (2.79%)

16:08
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Verastem to present data supporting Duvelisib & Defactinib application »

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  • 05

    Oct

PSTG

Pure Storage

$23.59

-0.075 (-0.32%)

16:08
05/21/18
05/21
16:08
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16:08
Earnings
Pure Storage sees FY19 revenue $1.32B-$1.37B, consensus $1.35B »

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PSTG

Pure Storage

$23.64

-0.025 (-0.11%)

16:06
05/21/18
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Earnings
Pure Storage sees Q2 revenue $296M-$304M, consensus $298.89M »

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ADBE

Adobe

$237.92

-0.12 (-0.05%)

16:06
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Adobe to acquire Magento Commerce for $1.68B »

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ADBE

Adobe

$237.92

-0.12 (-0.05%)

16:06
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PSTG

Pure Storage

$23.65

-0.015 (-0.06%)

16:05
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Earnings
Pure Storage reports Q1 adjusted EPS (7c), consensus (12c) »

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FGEN

FibroGen

$52.45

1.35 (2.64%)

16:04
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AQ

Aquantia

$11.54

-0.01 (-0.09%)

16:04
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Breaking Hot Stocks news story on Aquantia »

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CEVA

Ceva

$33.70

-0.1 (-0.30%)

16:04
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05/21
16:04
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Hot Stocks
Ceva expands share repurchase authorization »

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  • 03

    Jun

TWOU

2U

$95.34

-0.32 (-0.33%)

16:03
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Hot Stocks
2U names Mark Chernis as COO »

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MYOK

MyoKardia

$48.25

-3.5 (-6.76%)

16:02
05/21/18
05/21
16:02
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16:02
Syndicate
MyoKardia files to sell 3.75M shares of common stock »

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  • 21

    May

ARDX

Ardelyx

$5.60

-0.2 (-3.45%)

16:02
05/21/18
05/21
16:02
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16:02
Syndicate
Ardelyx files to sell $50M in common stock »

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  • 13

    Jun

AMGN

Amgen

$176.33

0.01 (0.01%)

16:01
05/21/18
05/21
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Amgen: FDA approves Prolia for glucocorticoid-induced osteoporosis »

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AAPL

Apple

$187.26

0.95 (0.51%)

15:58
05/21/18
05/21
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15:58
Periodicals
Siri dropping hints about Apple WWDC announcements, Apple Post says »

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MU

Micron

$55.41

2.04 (3.82%)

15:57
05/21/18
05/21
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15:57
Hot Stocks
Breaking Hot Stocks news story on Micron »

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SESN

Sesen Bio

$2.35

-0.65 (-21.67%)

15:55
05/21/18
05/21
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Conference/Events
Sesen Bio to hold a pharmaceutical update conference call »

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