PayPal Stock Is Moving Higher Tuesday: What's Driving The Action?
Portfolio Pulse from Adam Eckert
PayPal shares rise following positive analyst coverage from JPMorgan, which raised its price target to $80. PayPal announced an expanded partnership with Adyen to enhance guest checkout experiences, aiming for global expansion.
August 20, 2024 | 5:40 pm
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PayPal shares are up after JPMorgan raised its price target to $80, citing positive earnings and an expanded partnership with Adyen to improve guest checkout experiences.
The stock price of PayPal is positively impacted by JPMorgan's increased price target and the announcement of an expanded partnership with Adyen. The partnership aims to improve checkout experiences, which could drive future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100