What's Going On With PayPal Stock On Thursday?
Portfolio Pulse from Anusuya Lahiri
PayPal Holdings Inc (NASDAQ:PYPL) shares are trading higher after Mizuho analyst Dan Dolev upgraded the stock from Neutral to Buy and raised its price target from $68 to $90. Dolev's analysis of PayPal's new Fastlane product shows potential for significant transaction margin growth. The analyst is also encouraged by stabilization in Branded Checkout trends and sees a compelling valuation for PayPal.
May 30, 2024 | 6:52 pm
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Mizuho analyst Dan Dolev upgraded PayPal from Neutral to Buy and raised the price target from $68 to $90, citing the potential of the new Fastlane product and stabilization in Branded Checkout trends.
The upgrade from Neutral to Buy and the raised price target are strong positive signals. The analyst's proprietary analysis indicates significant potential for PayPal's new Fastlane product, which could drive substantial transaction margin growth. Additionally, stabilization in Branded Checkout trends further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100