PayPal Holdings (PYPL) : Analyst Rating Update

PayPal Holdings (PYPL) : 17 brokerage houses believe that PayPal Holdings (PYPL) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PayPal Holdings (PYPL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 35 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.

PayPal Holdings (PYPL) : Currently there are 26 street experts covering PayPal Holdings (PYPL) stock. The most bullish and bearish price target for the stock is $50 and $32 respectively for the short term. The average price target of all the analysts comes to $43.5. The estimated standard deviation from the target is $4.25.

PayPal Holdings (NASDAQ:PYPL): The stock opened at $35.94 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.17 for the day. The stock traded down to $35.72 during the day, due to lack of any buying support eventually closed down at $35.93 with a loss of -0.53% for the day. The stock had closed at $36.12 on the previous day. The total traded volume was 7,821,280 shares.

Also, Oppenheimer initiates coverage on PayPal Holdings (NASDAQ:PYPL). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $42 per share. The rating by the firm was issued on June 17, 2016.

PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to 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.

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