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PYPL

PayPal

$108.14

-0.36 (-0.33%)

09:06
04/16/19
04/16
09:06
04/16/19
09:06

PayPal price target raised to $100 from $86 at Loop Capital

Loop Capital analyst Joseph Vafi raised his price target on PayPal to $100, saying the "impressive run" for the stock has been driven by the "growing ubiquity" of its payment platform that "translated into sustainably strong payment volume growth of approximately 25%." The analyst is keeping his Hold rating however, stating that in spite of the payment volume growth, the "take rates and transaction margins" for PayPal have been "more challenged", while expectations for its monetization of Venmo platform "remain high". Vafi further warns that "any slowdown to payment volume growth" could result in "exaggerated slowdown to earnings growth. "

  • 24

    Apr

PYPL PayPal
$108.14

-0.36 (-0.33%)

03/05/19
NOMU
03/05/19
NO CHANGE
Target $105
NOMU
Buy
Downloads of Square's Cash App accelerating, says Nomura Instinet
Nomura Instinet analyst Dan Dolev lowered his price target for Square (SQ) to $105 from $110 while keeping a Buy rating on the shares. The analyst's Cash App versus PayPal's (PYPL) Venmo payments app tracker points to a "healthy pace" of downloads in February with 2.1M additional downloads, and year-over-year download growth accelerating for the second consecutive month to 37%. With 15M active users in December, the number of active Cash App users has more than doubled year-over-year, resulting in a slight improvement to the ratio of active versus total downloads, Dolev tells investors in a research note.
03/19/19
JEFF
03/19/19
NO CHANGE
JEFF
Hold
Jefferies understands Shopify concerns following 'Checkout on Instagram'
Shares of Shopify traded down modestly today on the announcement of "Checkout on Instagram," a feature that will allow users to complete purchases without leaving the app, Jefferies analyst Samad Samana tells investors in a research note. Facebook's (FB) Instagram will charge merchants a selling fee and partner with PayPal (PYPL) for payment processing, the analyst points out. He understands the investor concerns since Shopify partners with Instagram. Samana, however, believes most merchants will continue to rely on their underlying e-commerce platform to complete most online transactions, manage their stores and inventory. Further, merchants succeeding on multiple channels could increase the likelihood of using a platform like Shopify to manage their business, the analyst contends. He points out, though, that if merchants choose to adopt "Checkout on Instagram", PayPal would provide the payment processing for the gross merchandise volume generated on Instagram rather than directing back to a merchant's Shopify store to process the transaction. This could be a headwind for Shopify's Payments revenue growth, says Samana. He keeps a Hold rating on the shares with a $175 price target. The stock closed the trading day down 2%, or $3.68, to $202.09.
04/11/19
NOMU
04/11/19
NO CHANGE
Target $102
NOMU
Buy
Nomura Instinet tracker shows widening gap between Cash App, Venmo
Nomura Instinet analyst Dan Dolev the gap between Square's (SQ) Cash App and PayPal's (PYPL) continues to widen. The analyst's Cash App versus Venmo payments app tracker points to a "continued healthy pace" of downloads in March with 2.2M additional downloads, up from 2.0M in February, and 6.3M downloads in Q1, up from 6.0M in Q4. Since inception, total Cash App downloads have reached 49.7M versus 44.6M for Venmo, Dolev tells investors in a research note. He keeps a Buy rating on Square with a $102 price target.
04/15/19
PIPR
04/15/19
NO CHANGE
PIPR
Piper says FinTech secular drives 'remain strong' into Q1 results
While absolute and relative valuations in FinTech are back near the all-time highs, the Federal Reserve "has moved from a headwind last Fall to a Neutral factor for economic growth and equity valuations," Piper Jaffray analyst Jason Deleeuw tells investors in a research note. Also, the ongoing secular drivers for FinTech "remain strong" as global payments and business ecosystems digitize, says the analyst. He remains constructive on FinTech names heading into Q1 earnings and also tells investors to look at some mortgage/real estate services stocks. Deleeuw's top ideas are Black Knight (BKI), Redfin (RDFN), Euronet (EEFT) and Cannae Holdings (CNNE). He also boosted his price target for Overweight-rated Euronet to $171 from $159, for Overweight-rated Global Payments (GPN) to $163 from $152, for Overweight-rated MasterCard (MA) to $272 from $262, for Neutral-rated PayPal (PYPL) to $104 from $97, for Overweight-rated Visa (V) to $191 from $178 and for Neutral-rated Worldpay (WP) to $115 from $101.

TODAY'S FREE FLY STORIES

TRV

Travelers

$135.89

-2.48 (-1.79%)

06:58
04/18/19
04/18
06:58
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06:58
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Travelers reports book value per share $92.94, up 7% from year-end 2018 »

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TRV

Travelers

$135.89

-2.48 (-1.79%)

06:57
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06:57
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Breaking Hot Stocks news story on Travelers »

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CTG

Computer Task Group

$4.27

0.02 (0.47%)

06:57
04/18/19
04/18
06:57
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06:57
Earnings
Computer Task Group backs FY19 non-GAAP EPS view 30c-40c, consensus 33c »

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SNAP

Snap

$11.75

0.08 (0.69%)

06:57
04/18/19
04/18
06:57
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06:57
Downgrade
Snap rating change  »

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TRV

Travelers

$135.89

-2.48 (-1.79%)

06:57
04/18/19
04/18
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06:57
Earnings
Travelers reports Q1 core EPS $2.83, consensus $2.74 »

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FSLR

First Solar

$60.70

0.17 (0.28%)

06:57
04/18/19
04/18
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06:57
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First Solar analyst commentary  »

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PPG

PPG

$117.39

-1.01 (-0.85%)

06:57
04/18/19
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06:57
Earnings
PPG backs FY19 adjusted EPS growth 7%-10%, consensus $6.24 »

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CTG

Computer Task Group

$4.27

0.02 (0.47%)

06:56
04/18/19
04/18
06:56
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06:56
Earnings
Computer Task Group reports Q1 non-GAAP EPS 6c, consensus 6c »

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  • 18

    Apr

PPG

PPG

$117.39

-1.01 (-0.85%)

06:54
04/18/19
04/18
06:54
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06:54
Hot Stocks
PPG CEO says Q1 operating margins 'were higher than the prior year' »

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  • 18

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PPG

PPG

$117.39

-1.01 (-0.85%)

06:53
04/18/19
04/18
06:53
04/18/19
06:53
Hot Stocks
PPG says committed to finalizing strategic review be end of second quarter »

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  • 18

    Apr

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IRBT

iRobot

$129.26

-0.74 (-0.57%)

06:52
04/18/19
04/18
06:52
04/18/19
06:52
Recommendations
iRobot analyst commentary  »

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  • 24

    Apr

PPG

PPG

$117.39

-1.01 (-0.85%)

06:52
04/18/19
04/18
06:52
04/18/19
06:52
Earnings
PPG sees Q2 EPS $1.76-$1.86, consensus $1.86 »

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  • 18

    Apr

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    Apr

MNK

Mallinckrodt

$19.12

-2.51 (-11.60%)

06:52
04/18/19
04/18
06:52
04/18/19
06:52
Hot Stocks
Mallinckrodt announces results from gNO with EVLP study »

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  • 06

    May

  • 07

    May

PPG

PPG

$117.39

-1.01 (-0.85%)

06:51
04/18/19
04/18
06:51
04/18/19
06:51
Earnings
PPG reports Q1 adjusted EPS $1.38, consensus $1.21 »

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  • 18

    Apr

  • 18

    Apr

LULU

Lululemon

$171.19

2.28 (1.35%)

06:51
04/18/19
04/18
06:51
04/18/19
06:51
Conference/Events
Lululemon to host analyst day »

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  • 24

    Apr

SON

Sonoco

$60.98

-0.235 (-0.38%)

06:49
04/18/19
04/18
06:49
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06:49
Earnings
Sonoco raises FY19 base EPS view to $3.52-$3.62 from $3.47-$3.57 »

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  • 18

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DOV

Dover

$96.81

-0.66 (-0.68%)

06:49
04/18/19
04/18
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06:49
Earnings
Breaking Earnings news story on Dover »

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  • 18

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  • 02

    May

VRAY

ViewRay

$7.26

-0.16 (-2.16%)

06:49
04/18/19
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04/18/19
06:49
Hot Stocks
ViewRay announces Minouge Medical as Canadian distributor of MRIdian »

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  • 02

    May

NICE

Nice

$130.90

2.04 (1.58%)

, VRNT

Verint

$60.20

-1.49 (-2.42%)

06:48
04/18/19
04/18
06:48
04/18/19
06:48
Upgrade
Nice, Verint rating change  »

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NICE

Nice

$130.90

2.04 (1.58%)

VRNT

Verint

$60.20

-1.49 (-2.42%)

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SON

Sonoco

$60.98

-0.235 (-0.38%)

06:48
04/18/19
04/18
06:48
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06:48
Earnings
Breaking Earnings news story on Sonoco »

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  • 18

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GM

General Motors

$39.99

0.42 (1.06%)

06:47
04/18/19
04/18
06:47
04/18/19
06:47
Periodicals
General Motors says Cadillac has gained popularity in China, Reuters reports »

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  • 30

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  • 05

    Jun

SON

Sonoco

$60.98

-0.235 (-0.38%)

06:47
04/18/19
04/18
06:47
04/18/19
06:47
Earnings
Sonoco reports Q1 base EPS 85c, consensus 80c »

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  • 18

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DOV

Dover

$96.81

-0.66 (-0.68%)

06:47
04/18/19
04/18
06:47
04/18/19
06:47
Earnings
Dover reports Q1 adj. EPS $1.24, consensus $1.10 »

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  • 18

    Apr

  • 02

    May

AVY

Avery Dennison

$113.69

-2.68 (-2.30%)

06:46
04/18/19
04/18
06:46
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06:46
Downgrade
Avery Dennison rating change  »

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  • 24

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SYF

Synchrony

$33.22

0.06 (0.18%)

06:46
04/18/19
04/18
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04/18/19
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Earnings
Synchrony reports Q1 EPS $1.56, consensus 93c »

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