Why PayPal Holdings Inc (PYPL) Should Be On Your Radar Moving Forward

PayPal Holdings Inc (NASDAQ:PYPL) shares traded -0.69% lower at $54.39 on Wall Street last session.

In accordance with the data, 48 analysts cover PayPal Holdings Inc (NASDAQ:PYPL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $120.00 and a low of $51.00, we find $72.00. Given the previous closing price of $54.77, this indicates a potential upside of 31.46 percent. PYPL stock price is now -5.48% away from the 50-day moving average and -18.99% away from the 200-day moving average. The market capitalization of the company currently stands at $58.64B.

It has been rated a hold by 17 analysts and a buy by 27. Brokers who have rated the stock have averaged $76.01 as their price target over the next twelve months.

With the price target of $55, Wells Fargo recently initiated with Equal Weight rating for PayPal Holdings Inc (NASDAQ: PYPL).

In other news, Scheibe Gabrielle, Acting CFO & SVP, IR & Treas sold 213 shares of the company’s stock on Sep 05. The stock was sold for $13,500 at an average price of $63.38. Upon completion of the transaction, the Acting CFO & SVP, IR & Treas now directly owns 29,149 shares in the company, valued at $1.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, President and CEO SCHULMAN DANIEL H bought 26,065 shares of the business’s stock. A total of $1,985,306 was incurred on buying the stock at an average price of $76.17. This leaves the insider owning 395,351 shares of the company worth $21.5 million. Insiders disposed of 363,082 shares of company stock worth roughly $19.75 million over the past 1 year. A total of 0.86% of the company’s stock is owned by insiders.

During the past 12 months, PayPal Holdings Inc has had a low of $50.25 and a high of $92.62. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.30, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $58.15B, which is based on a 16.19 price-to-earnings ratio, a 0.88 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for PYPL is $57.55 and a two-hundred day moving average price translates $67.14 for the stock.

The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $1.3, beating analysts’ expectations of $1.23 by 0.07. This compares to $1.15 EPS in the same period last year. The net profit margin was 13.04% and return on equity was 18.82% for PYPL. The company reported revenue of $7.42 billion for the quarter, compared to $6.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.36 percent. For the current quarter, analysts expect PYPL to generate $7.87B in revenue.

PayPal Holdings Inc(PYPL) Company Profile

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. The company was founded in 1998 and is headquartered in San Jose, California.

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