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PayPal (NASDAQ:PYPL) target price raised to $68.00, issued a report today by Piper Jaffray

PayPal (NASDAQ:PYPL) had its target price raised to $68.00 by Piper Jaffray in a report released 10/13/2017. The new target price indicates a possible downside of -0.01% based on the company's last stock close price.

Previously on 10/11/2017, Barclays reported about PayPal (NASDAQ:PYPL) raised the target price from $69.00 to $75.00. At the time, this indicated a possible upside of 0.14%.

Yesterday PayPal (NASDAQ:PYPL) traded -0.54% lower at $68.86. The company’s 50-day moving average is $64.21 and its 200-day moving average is $64.21. The last stock close price is up 6.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 3,440,260 shares of the stock were exchanged, down from an average trading volume of 7,331,740

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PayPal has a 52 week low of $38.06 and a 52 week high of $69.61 with a P/E ratio of 55.23 The company’s market cap is currently $0.

In addition to Piper Jaffray reporting its target price, a total of 34 firms have issued a report on the stock. The consensus target price is $43.68 with 11 firms rating the stock a strong buy, 13 firms rating the stock a buy, 12 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About PayPal (NASDAQ:PYPL)

PayPal Holdings, Inc. is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform. It operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. It enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom.

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