BMO Capital Assumes PayPal Holdings at Market Perform, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rufus Hone has initiated coverage on PayPal Holdings (NASDAQ:PYPL) with a 'Market Perform' rating and set a price target of $65.

December 05, 2023 | 4:31 pm
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NEUTRAL IMPACT
BMO Capital has initiated coverage on PayPal Holdings with a 'Market Perform' rating and a price target of $65.
The initiation of coverage by BMO Capital with a 'Market Perform' rating suggests a neutral outlook on PayPal's stock, indicating that the stock is expected to perform in line with the market. The price target of $65 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about PayPal. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than a strong buy or sell. The confidence level is high due to the credibility of the analyst firm, but not absolute as market conditions can change and other analysts may have differing opinions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100