Streetbeat News

PYPL

PayPal Holdings, Inc.

https://www.paypal.com

Industry

Financial - Credit Services

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

Open

90.42

Mkt cap

91B

Volume

7.8M

High

91.19

P/E Ratio

21.78

52-wk high

93.66

Low

89.82

Div yield

N/A

52-wk low

55.77

Over the past 3 months, 27 analysts have published their opinion on PayPal Holdings (NASDAQ:PYPL) stock. The company has an average price target of $87.48, a decrease of 7.43% from the previous average price target of $94.50. The analysts' ratings range from bullish to indifferent, with no bearish ratings.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 1:01 pm

Credit Suisse analyst Timothy Chiodo has reiterated a Neutral rating on PayPal Holdings (NASDAQ:PYPL) and maintained a price target of $80.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 12:22 pm

Venture firm Sequoia Capital has seen significant changes, including the departure of five investors and a split in its operations. Michael Moritz, a partner since 1986, is stepping away to focus on Sequoia Heritage, a wealth management business he co-founded. Moritz will continue to serve on the boards of various Sequoia companies, such as Stripe Inc., but will gradually step down. Sequoia suffered a $214 million loss, primarily from its global growth fund, despite profitable returns since its inception in 1972. The firm also announced a significant split with its operations in China and India in June.

Portfolio Pulse from Murtuza Merchant

July 20, 2023 | 4:14 pm

Unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The targeted price range for PayPal over the last 3 months is from $60.0 to $145.0. Piper Sandler and Truist Securities have maintained their Neutral and Buy ratings on PayPal, respectively, with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:31 pm

A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. The whales have been targeting a price range from $60.0 to $145.0 for PayPal Holdings over the last 3 months. Truist Securities and Piper Sandler have maintained their Buy and Neutral ratings on PayPal Holdings, respectively, with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 7:04 pm

U.S. Senator Bernie Sanders, known for his criticism of the ultra-wealthy and large corporations, owns stakes in several mutual funds that hold positions in companies he has criticized, including Tesla, Amazon, and Microsoft. Sanders has been advocating for a ban on lawmakers buying and selling stocks and options. He has also proposed legislation that would impose additional taxes on stock trading.

Portfolio Pulse from Chris Katje

July 12, 2023 | 5:49 pm

Elon Musk has launched a new venture, xAI, with the aim to 'understand the true nature of the universe'. The team includes members from DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto. xAI will closely cooperate with X Corp, Tesla, and other companies. The name xAI refers to Musk's early endeavor, X.com, which later merged with PayPal Holdings Inc. Musk has previously expressed his AI ambitions and concerns about its potential dangers.

Portfolio Pulse from AJ Fabino

July 12, 2023 | 4:55 pm

Stocks are expected to start negatively due to inflation worries and the upcoming second-quarter reporting season. Big bank earnings and other notable names such as PepsiCo are due this week. Bond yields are rising due to the uncertain economic environment. The Chinese economy is showing signs of recovery. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading. Tesla's stock rose after Jefferies raised the price target. Tech stocks, led by Apple and Amazon, were mostly lower.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 11:05 am

A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a bearish stance being taken by a 'whale' investor. Of the 45 unusual trades detected, 48% were bullish and 51% were bearish. The total amount for puts was $648,897 and for calls was $1,560,484. The price target range for PayPal over the last 3 months has been $55.0 to $140.0. The company's stock price is currently down by 3.89% at $66.17. Several firms have downgraded their ratings for PayPal, with price targets ranging from $72 to $86.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 6:16 pm

PayPal Holdings' shares are trading lower after Piper Sandler maintained a Neutral rating on the stock and lowered its price target from $83 to $80.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:19 pm

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