A statement released today by Barclays about PayPal (NASDAQ:PYPL) ups the target price to $47.00
- Updated: October 14, 2016
PayPal (NASDAQ:PYPL) had its target bumped up to $47.00 by Barclays in an issued report issued 10/14/2016. The upped price target suggests a potential upside of 0.20% based on the company's last stock close price.
On Tuesday October 11, 2016, Vetr Inc. released a statement for PayPal (NASDAQ:PYPL) increased the target price from $0.00 to $44.52. At the time, this indicated a possible upside of 0.14%.
Only yesterday PayPal (NASDAQ:PYPL) traded 0.26% higher at $39.20. PayPal’s 50-day average is $39.36 and its two hundred day moving average is $38.45. The last stock close price is up 2.20% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. 5,149,096 shares of the stock were exchanged, down from an average trading volume of 8,262,740
With a total market value of $0, PayPal has price-earnings ratio of 35.73 with a one year low of $30.52 and a one year high of $41.75 .
A total of 34 equity analysts have released a ratings update on PYPL. 11 firms rating the company a strong buy, thirteen analysts rating the company a buy, twelve equity analysts rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $43.68.
General Information About 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, including cross border transfers using several of these funding sources.
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