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PYPL

PayPal

$77.50

-2.61 (-3.26%)

06:44
10/19/18
10/19
06:44
10/19/18
06:44

PayPal upgraded to Buy from Neutral at BTIG

BTIG analyst Mark Palmer upgraded PayPal to Buy with a $95 price target, saying the company's Venmo monetization progress was the deciding factor in his rating change. The analyst states that "many investors estimates are predicated on the success of Venmo", and the company seems to be executing, as 24% of Venmo users were engaged in monetizing the platform in Q3 vs. 17% in Q2 and 13% in Q1. Palmer further calls the 78% increase in payment volume reported by Venmo in Q3 as "meaningful".

  • 22

    Oct

  • 13

    Nov

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    Nov

  • 26

    Nov

PYPL PayPal
$77.50

-2.61 (-3.26%)

10/16/18
JEFF
10/16/18
NO CHANGE
Target $110
JEFF
Buy
PayPal pullback brings attractive entry point, says Jefferies
Jefferies analyst John Hecht believes the recent share price decline in PayPal represents an attractive entry point. The analyst reiterates a Buy rating on the shares with a $110 price target. Based on key macro intra-quarter data points, he remains "somewhat balanced" into the company's Q3 results given "offsetting trends." Hecht, however, remains favorable on the longer-term story at PayPal and its ability to scale over time. He believes its growth story is more than just Venmo and that the eBay migration is manageable.
10/16/18
RBCM
10/16/18
NO CHANGE
Target $95
RBCM
Outperform
PayPal to show continued new account growth, says RBC Capital
RBC Capital analyst Daniel Perlin kept his Outperform rating and $95 price target on PayPal ahead of its Q3 results, modeling a 150bps expansion in its Q3 operating profit margin and continued strength in new account growth. The analyst also expects investors to focus on the company's commentary around its FY19 guidance, capital deployment, Venmo monetization efforts, and the sustainability of its total payment volume growth.
10/19/18
STFL
10/19/18
DOWNGRADE
Target $35
STFL
Hold
eBay downgraded to Hold from Buy at Stifel
Stifel analyst Scott Devitt downgraded eBay (EBAY) to Hold and lowered his price target for the shares to $35 from $43. PayPal's (PYPL) earnings release last night suggested weak eBay gross merchandise volume trends in Q3, Devitt tells investors in a research note. The analyst estimates that PayPal currently processes around 75% of addressable eBay gross merchandise volume. For Q3, PayPal suggests eBay's marketplace GMV grew 3.4% year-over-year adjusted for currency relative to the analyst's prior estimate of 7.2%. Further, Devitt expect eBay's multi-year transition to the Adyen payments platform "could be bumpy given the long history that buyers and sellers have working almost exclusively with PayPal on the eBay platform."
10/19/18
LOOP
10/19/18
NO CHANGE
Target $82
LOOP
Hold
Loop Capital concerned with PayPal revenue slowdown, earnings sustainability
Loop Capital analyst Joseph Vafi kept his Hold rating and $82 price target on PayPal, saying that while the company posted a "solid" rate of growth in revenue / earnings in Q3 and saw an "encouraging" ramp in monetizing Venmo, transaction revenue saw some "modest deceleration". The analyst also adds that although transaction margin showed some stabilization, but one quarter of improved performance "doesn't signal a bottom". Vafi states that he remains somewhat cautious on PayPal given its premium valuation multiple.

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Commercial Vehicle Group

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CHH

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, HLT

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