2019-09-30 09:33:49PYPL   - $102.21
-2.41 (-2.30%) , V - $174.02
-1.73 (-0.98%) … 09:3309/30/19 09/3009:33 09/30/1909:33 | PayPal wins Chinese payments license with NationPay stake, FT reportsPayPal's (PYPL) proposed acquisition of a 70% stake in NationPay, a small Chinese online payments company, has been approved by the country's central bank, making PayPal the first foreign company to acquire a payments license in China, The Financial Times' Yuan Yang reports. Visa (V) and Mastercard (MA) are among those foreign companies that have been kept waiting for license approvals, despite rules in 2017 removing formal obstacles to market access. Reference Link PYPL - $102.21
-2.41 (-2.30%) V - $174.02
-1.73 (-0.98%) MA - $269.08
-4.57 (-1.67%) | |
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- $102.21
-2.41 (-2.30%) - 09/12/19
Fly Intel: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PayPal (PYPL) assumed at Buy, up from Hold at Canaccord with analyst Joseph Vafi saying PayPal is a "payments juggernaut," and its growth in payment volumes "at this scale is impressive." 2. Activision Blizzard (ATVI) upgraded to Buy from Neutral at Nomura Instinet with analyst Andrew Marok saying last month's launch of World of Warcraft Classic has driven "strong, above-expectations" engagement in the franchise. 3. Voya Financial (VOYA) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Alex Scott saying Voya has a better ability to beat earnings estimates in the near term as well as in 2020 and 2021 relative to Prudential Financial (PRU). 4. AbbVie (ABBV) upgraded to Buy from Neutral at UBS with analyst Navin Jacob saying he sees the company's acquisition of Allegan as "highly compelling," with NewCo generating over $20B of annual free cash flow and a 9% yield by 2023 when its Humira exclusivity patent expires. 5. Kaman (KAMN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Steve Barger citing meetings with management. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 09/13/19
- RHCO
09/13/19
NO CHANGETarget $325
RHCO
Buy MasterCard price target raised to $325 from $310 at SunTrust SunTrust analyst Andrew Jeffrey raised his price target on MasterCard (MA) to $325 and kept his Buy rating, saying he expects the company to maintain its 10% or more EBITDA premium relative to Visa (V) and PayPal (PYPL). The analyst believes that MasterCard has a more durable organic revenue growth and offers a "differentiated competitive strategy" with its Real-Time Payments, adding that its monetization can be bolstered further by B2B products, cross-border payments, bill payments, point-of-sale technology, and other initiatives. - 09/13/19
- BOFA
09/13/19
NO CHANGETarget $127
BOFA
Buy PayPal FY20 consensus revenue estimates likely too high, says BofA/Merrill BofA Merrill Lynch analyst Jason Kupferberg noted that the sell-side consensus is modeling PayPal revenue growth of 18.2% for FY20, though he believes this is too high. Based on his analysis, Kupferberg lowered his top-line growth estimate for FY20 to 16.1% from 17.5% and also lowered his FY20 adjusted EPS estimate by 5c to $3.48. He thinks PayPal will provide preliminary guidance for 2020 on its Q3 call and remains bullish on shares, but acknowledges the near-term could be "choppy" ahead of initial 2020 guidance. Even if initial 2020 guidance ends up being modestly below consensus, most buy-side expectations may be lower than sell-side, added Kupferberg, who trimmed his price target on PayPal shares to $127 from $131 and keeps a Buy rating on the stock. - 09/24/19
- UBSW
09/24/19
NO CHANGETarget $120
UBSW
Neutral PayPal leads among P2P providers, app share remains stable, says UBS UBS analyst Eric Wasserstrom is keeping his Neutral rating and $120 price target on PayPal as part of his broader research note into U.S. Payment Networks. The analyst states that his most recent UBS Evidence Lab Mobile Banking App Download data suggests that mobile payment apps continue to gain market share relative to the traditional banking apps, and within that category, remittance apps continue to lose share vs. P2P apps like Venmo. Wasserstrom adds that PayPal - while challenged by newer entrants like Square Cash - is still maintaining its leading position in P2P. The analyst maintains however that Venmo's contribution to PayPal's revenue and earnings is already reflected in the stock's premium multiple relative to its historical levels. - $174.02
-1.73 (-0.98%) - 07/24/19
- GUGG
07/24/19
NO CHANGETarget $199
GUGG
Buy Visa price target raised to $199 from $178 at Guggenheim Guggenheim analyst Jeff Cantwell raised his price target on Visa shares to $190 from $178 after the company reported Q3 revenue and EPS that topped his forecasts, adding that its sequential rebound in cross-border volume growth was "a nice positive." The analyst, who thinks several new acquisitions help improve Visa's medium-term outlook, keeps a Buy rating on the shares. - 07/24/19
- RAJA
07/24/19
NO CHANGETarget $193
RAJA
Outperform Visa price target raised to $193 from $177 at Raymond James Raymond James analyst John Davis raised his price target for Visa to $193 from $177 following what he views as a "solid" Q3 print that included a top and bottom line beat, EPS guidance raise, and relatively stable quarter to date trends. The analyst reiterates an Outperform rating on the shares. - 08/02/19
- MSCO
08/02/19
NO CHANGETarget $74
MSCO
Equal Weight Square reported 'notable' deceleration in GPV, says Morgan Stanley Morgan Stanley analyst James Faucette said the deceleration in gross payment volume, or GPV, growth reported by Square (SQ) this quarter was somewhat disappointing and "notable" given the strong U.S. consumer spending trends reported by other Payments players, including Visa (V) and MasterCard (MA). Combining this with the "deviation from Square's traditional beat-and-raise story" made him less positive about the report, although his calendar 2019 forecasts remain largely intact, said Faucette, who keeps an Equal Weight rating and $74 price target on Square shares. - $269.08
-4.57 (-1.67%) - 07/31/19
- ARGS
07/31/19
NO CHANGETarget $320
ARGS
Buy MasterCard price target raised to $320 from $288 at Argus Argus analyst Stephen Biggar raised his price target on MasterCard to $320 and kept his Buy rating after its Q2 earnings beat, saying the company's payment and switched transaction volumes metrics also showed sequential acceleration in the quarter. The analyst believes that MasterCard's strong cyclical and secular trends are continuing, and that its "record" operating margins warrant a premium relative to the stock's historical average multiple. - 09/16/19
- MSCO
09/16/19
NO CHANGETarget $315
MSCO
Overweight MasterCard price target raised to $315 from $291 at Morgan Stanley Morgan Stanley analyst James Faucette raised his price target on MasterCard shares to $315 from $291 following the company's Investment Community Meeting last week. The intra-quarter data shared by the company should ease some near-term macro concerns and the event left him feeling confident in "the key pillars" of his Overweight thesis, Faucette tells investors. MasterCard is also making notable progress on its longer term initiatives, which should support growth beyond the company's 3-year outlook, added Faucette. |