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PYPL

PayPal

$87.54

-0.31 (-0.35%)

08:48
10/02/18
10/02
08:48
10/02/18
08:48

PayPal, Phoenix Suns announce multi-year global partnership

The Phoenix Suns and PayPal Holdings announced a first-of-its-kind global partnership built on elevating fan experiences through innovation. PayPal will be the first-ever jersey patch partner of Arizona's original professional sports franchise starting in the 2018-19 regular season, which tips off on Oct. 17. Jersey sponsorships were approved by the NBA as part of a three-year pilot program and PayPal's logo will appear prominently on the front left of Suns jerseys, opposite the Nike logo. As part of the partnership, PayPal will also be designated the Official Payment Partner of the Phoenix Suns, the Phoenix Mercury and Real Club Deportivo Mallorca, which is also owned by Suns Managing Partner Robert Sarver and plays in Spain's La Liga Segunda Division.

  • 13

    Nov

  • 26

    Nov

PYPL PayPal
$87.54

-0.31 (-0.35%)

09/11/18
KEYB
09/11/18
NO CHANGE
Target $105
KEYB
Overweight
PayPal price target raised to $105 from $100 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for PayPal to $105 from $100, while reiterating an Overweight rating on the shares. The analyst believes the Venmo debit card could prove to be a meaningful product launch as it opens up the offline opportunity, offers a clear monetization vehicle for P2P consumers; and could evolve into a "FinApp" with broader financial service capabilities.
09/13/18
RAJA
09/13/18
INITIATION
Target $108
RAJA
Outperform
PayPal resumed with an Outperform at Raymond James
Raymond James resumed coverage on PayPal with an Outperform and $108 price target.
09/26/18
BMOC
09/26/18
INITIATION
Target $112
BMOC
Outperform
PayPal initiated with an Outperform at BMO Capital
Target $112.
09/26/18
BMOC
09/26/18
INITIATION
Target $112
BMOC
Outperform
PayPal initiated with an Outperform at BMO Capital
As reported earlier, BMO Capital analyst James Fotheringham initiated PayPal with an Outperform rating and a price target of $112. The analyst says the company's "business model is best-in-class" relative to revenue growth surprise potential thanks to its potential M&A activity, exposure to fast-growing international markets, and "deep penetration of e-commerce payment flows". Fotheringham adds that PayPal's premium valuation is justified by its higher expected revenue growth, forecasting an annualized top-line rate of growth at 18% per year. The analyst further states that PayPal has the most balance sheet flexibility to drive inorganic growth among companies in his coverage universe.

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WEX

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WEX

Wex

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WEX

Wex

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XRX

Xerox

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UAL

United Continental

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  • 04

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SPX

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SKX

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DXCM

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