PayPal's New Leadership and Strategy Poised to Drive Profitable Growth, Analyst Says
Portfolio Pulse from Anusuya Lahiri
RBC Capital analyst Daniel Perlin reiterated an Outperform rating for PayPal Holdings Inc (NASDAQ:PYPL) with a price target of $84. Perlin's increased conviction in PayPal's profitable growth is based on new leadership, better transaction margins, and improved monetization strategies for Venmo and PayPal digital wallets. Wall Street analysts have an average 12-month price target of $74.21 for PayPal, with a high of $90 and a low of $65. PayPal shares traded lower by 0.34% at $58.17 on Friday.
June 28, 2024 | 5:29 pm
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RBC Capital analyst Daniel Perlin reiterated an Outperform rating for PayPal Holdings Inc (NASDAQ:PYPL) with a price target of $84. Perlin's increased conviction in PayPal's profitable growth is based on new leadership, better transaction margins, and improved monetization strategies for Venmo and PayPal digital wallets.
The analyst's reiteration of an Outperform rating and a high price target of $84 suggests a positive outlook for PayPal. The focus on new leadership, better transaction margins, and improved monetization strategies indicates potential for profitable growth. The current price of $58.17 and the average analyst price target of $74.21 suggest upside potential.
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