Wells Fargo Initiates Coverage On PayPal Holdings with Equal-Weight Rating, Announces Price Target of $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has initiated coverage on PayPal Holdings with an Equal-Weight rating and a price target of $55.
October 31, 2023 | 9:04 am
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NEUTRAL IMPACT
PayPal Holdings has been given an Equal-Weight rating by Wells Fargo with a price target of $55.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for PayPal's stock. The price target of $55 indicates where the analyst believes the stock will trade in the near term. This news is highly relevant to PayPal and moderately important for investors, as analyst ratings can influence market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo has initiated coverage on PayPal Holdings with an Equal-Weight rating and a price target of $55.
As the issuer of the rating and price target, this news is moderately relevant to Wells Fargo. It reflects the bank's research capabilities and can impact its reputation in the market. However, it's less important for Wells Fargo investors compared to PayPal investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50