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PYPL

PayPal

$108.20

0.06 (0.06%)

05:57
04/17/19
04/17
05:57
04/17/19
05:57

PayPal downgraded to Neutral from Buy at UBS

UBS analyst Eric Wasserstrom downgraded PayPal Holdings to Neutral from Buy while raising his price target for the shares to $120 from $101. The stock closed yesterday up 6c to $108.20. The analyst's analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. Further, his "bull scenario" for Venmo monetization would only add 2% to his current 2020 earnings estimates. While Venmo maintains a leading competitive position in people-to-people payments, this competitive position will translate into "limited" revenue and net income contribution over the next two years, Wasserstrom tells investors in a research note. In addition, the analyst sees limited valuation upside in shares of PayPal at current levels.

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    Jun

PYPL PayPal
$108.20

0.06 (0.06%)

04/16/19
LOOP
04/16/19
NO CHANGE
Target $100
LOOP
Hold
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. "
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.
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.
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.

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MAXR

Maxar Technologies

$8.04

0.89 (12.45%)

14:18
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$NSD

NASDAQ Market Internals

$0.00

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Foot Locker

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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VXX

iPath S&P 500 VIX Short-Term Futures

$29.12

1.91 (7.02%)

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MAXR

Maxar Technologies

$7.59

0.44 (6.15%)

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GLUU

Glu Mobile

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MAXR

Maxar Technologies

$7.32

0.17 (2.38%)

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BX

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$40.90

-0.8 (-1.92%)

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$76.22

-0.35 (-0.46%)

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Blackstone

$40.90

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Prologis

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MAXR

Maxar Technologies

$7.00

-0.15 (-2.10%)

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TSM

TSMC

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13:45
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