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A report released today by Canaccord about PayPal (NASDAQ:PYPL) lowers the target price to $40.00

Canaccord dropped the price target of PayPal (NASDAQ:PYPL) to $40, reporting a possible downside of -0.02%.

On 9/15/2016, Craig-Hallum released a statement about PayPal(NASDAQ:PYPL) upped the target price from $0.00 to $52.00. At the time, this indicated a possible upside of 0.30%.

Yesterday PayPal (NASDAQ:PYPL) traded 1.17% lower at $40.70. The company’s 50-day moving average is $37.80 and its 200-day average is $38.29. The last stock price close is up 5.04% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same period. 1,835,871 shares of PYPL traded hands, down from ann avg. volume of 8,734,580.

See Graphic Below:


PayPal has a price-earnings of 37 with a 52 week low of $30.30 and a one-year high of $41.75. PYPL’s market cap is presently $0.0.

A total of 34 brokers have released a research note on PYPL. Eleven firms rate the stock a strong buy, 13 analysts rate the company a buy, 12 analyts rate the company a hold, three analysts rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with an average target of $43.68

Brief Synopsis On PayPal (NASDAQ:PYPL)

PayPal Holdings, Inc. (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions. Its combined payment solution capabilities, including its PayPal, PayPal Credit, Braintree, Venmo and Xoom products, comprise its Payments Platform. It allows its customers to use their account to both purchase and be paid for goods, as well as transfer and withdraw funds. A consumer can typically fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card or other stored value products, such as coupons and gift cards. The PayPal, Venmo, and Xoom products allow friends and family to transfer funds to each other, and including cross border transfers using several of these funding sources.

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