PayPal Shares Are Rising In Tuesday Pre-Market: Here's Why
Portfolio Pulse from Benzinga Neuro
PayPal Holdings Inc. (NASDAQ:PYPL) saw a 1.71% increase in pre-market trading as investors anticipate its third-quarter earnings report. The stock has risen significantly over the past year, and analysts have a consensus 'Buy' rating with a price target of $78.24. The stock is trading above key moving averages, indicating a bullish trend, but the RSI suggests it may be nearing overbought territory.
October 29, 2024 | 10:18 am
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PayPal's stock is experiencing a pre-market boost as investors await its Q3 earnings report. The stock has shown strong growth over the past year, and analysts maintain a 'Buy' rating with a price target of $78.24. However, the RSI suggests it may be nearing overbought territory.
The anticipation of PayPal's Q3 earnings report is driving the stock's pre-market rise. The stock's strong performance over the past year and positive analyst ratings contribute to a bullish outlook. However, the RSI nearing overbought territory could limit further gains.
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