Connect with us

Hi, what are you looking for?


PayPal stock could gain 30% this year: Truist

paypal stock gain 30% this year truist

PayPal Holdings Inc (NASDAQ: PYPL) is trading up this morning after a Truist analyst issued a bullish note in favour of the payments technology company.

PayPal stock should be worth $95

On Tuesday, Andrew Jeffrey recommended that investors buy PayPal stock following the sell-off over the past five months. His raised price target of $95 a share represents about a 30% upside from here.

Dan Schulman – the current Chief Executive of PayPal is turning 65 later this month. So, this fintech, the analyst wrote, could opt for new leadership this year that he expects to be a positive catalyst for its stock price.

A new CEO would be positioned to build on Mr Schulman’s success, while also wielding a freer M&A hand, perhaps moving the company into card present acquiring, expanding its TAM and boosting terminal revenue/EPS growth.

In December, PayPal partnered with MetaMask to allow seamless purchase of cryptocurrencies (source).

PayPal has enough cash on its balance sheet

At writing, PayPal has roughly $6.0 billion in net cash – sufficient to support the potential M&A activity and share repurchase, Jeffrey added.

The Truist analyst expects this multinational to earn more than expected on a per-share basis this year and is convinced that there’s hardly a downside risk in the Street’s current revenue estimates either. The note also reads:

Although current macro challenges eCommerce volume/revenue growth, we contend that eCommerce will take share from card present.

The California-based company is set to report its current quarter results next month. Consensus is for it to earn 97 cents a share versus 92 cents a year ago. Versus its high in mid-August, PayPal stock is currently down nearly 30%.

The post PayPal stock could gain 30% this year: Truist appeared first on Invezz.

You May Also Like


Mimiq, Inc is announcing today the launch of their new product, Mimiq Track, at CES as part of their latest product line to operate...


Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial...

Editor's Pick

If you haven’t been following the “Twitter Files” saga, the gist of it is that the US federal government routinely pressured pre-Musk Twitter, and...

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023