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Fly News Breaks for January 8, 2020
Jan 8, 2020 | 08:35 EDT
As previously reported on Tuesday morning, Bernstein analyst Harshita Rawat upgraded PayPal to Outperform from Market Perform, with a $130 price target. The analyst cited the likelihood of 2020 positive revisions due to tailwinds from partnerships, pricing, Honey deal and Venmo monetization. Additionally, Rawat expects a reset of expectations and sees long-term optionality for growth acceleration from partnerships, potential offline-online convergence meaningfully expanding TAM, and better execution on areas that are either under-monetized or under-invested. .
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