Paypal (NASDAQ:PYPL) Target Raised by Canaccord Genuity to $190.00

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Paypal stock has undergone multiple analysts rating changes in the recent past.  Paypal stock Target Raised by   Canaccord Genuity on 6/30/2020. In a note to investors, the firm issued a new target price of $190.00. The analysts previously had $160.00 target price. Canaccord Genuity’s price target would indicate a potential upside of 12.86% from the stock’s previous close.

Shares of Paypal traded up $4.79 on Tuesday, reaching $173.14. 2404884 shares of the stock traded hands, compared to its average volume of 7560102. Shares of were trading at $173.14 on Tuesday. The firm’s 50 day moving average is $$147.15 and its 200 day moving average is $116.86.Paypal  has a 12 month low of $169.41 and a 12 month high of $175.40. While on yearly highs and lows, Paypal today has traded high as $173.49 and has touched $169.41 on the downward trend.

Paypal Earnings and What to expect: 

Paypal last issued its earnings data on May 6th, 2020. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.72 billion. Its revenue was up 11.8% compared to the same quarter last year. Paypal has generated $2.45 earnings per share over the last year and currently has a price-to-earnings ratio of 108.3. Paypal has confirmed that its next quarterly earnings report will be published on Wednesday, July 29th, 2020.

Earnings for Paypal are expected to grow by 36.40% in the coming year, from $2.39 to $3.26 per share. The P/E ratio of Paypal is 108.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Paypal is 108.36, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.80. Paypal has a PEG Ratio of 4.79. PEG Ratios above 1 indicate that a company could be overvalued. Paypal has a P/B Ratio of 11.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.12%
  • On 6/15/2020 CEO Daniel H Schulman Sell 25,000 at average share price of $155.67 which equates to $3,891,750.00 in money value.
  • On 5/15/2020 CEO Daniel H Schulman Sell 25,000 at average price of  $144.15 with total value of : Not Data Available
  • On 5/4/2020 CEO Daniel H Schulman Sell 25,000 at average price of  $122.67 with total value of : $3,066,750.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Paypal

  • 6/30/2020 – Paypal is now covered by analysts at JMP Securities. They set an “outperform” rating and a $195.00 price target on the stock.
  • 6/26/2020 – Paypal had its price target raised by analysts at Bank of America Corp from $171.00 to $194.00. They now have a “buy” rating on the stock.
  • 6/25/2020 – Paypal had its “buy” rating re-affirmed by analysts at Berenberg Bank. They now have a $205.00 price target on the stock.
  • 6/24/2020 – Paypal had its price target raised by analysts at Barclays PLC from $169.00 to $199.00. They now have an “overweight” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Canaccord Genuity: 

  • 6/30/2020 – Roxgold is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $2.00 price target on the stock.
  • 6/30/2020 – TransDigm Group had its “buy” rating re-affirmed by analysts at Canaccord Genuity.
  • 6/29/2020 – Intercept Pharmaceuticals was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $58.00 price target on the stock.
  • 6/29/2020 – Kingsmen Resources had its “buy” rating re-affirmed by analysts at Canaccord Genuity. They now have a $3.75 price target on the stock.
  • See More Analyst Rating at: RATING

Paypal (NASDAQ:PYPL) Moving Average Technical Analysis

5 day Moving Average is $$170.26 And 5 day price change is -$1.21 (-0.70%)  with average volume for 5 day average is 6,020,026. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $162.89 and 20 day price change is $14.09 (8.95%) and average 20 day moving volume is 7,009,906. 50 day moving average is $147.15  and 50 day price change is $59.41 ( 52.96%)  and with average volume for 50 days is : 8,759,083. 200 day moving average is $116.86  and 200 day price change is $64.58 (60.36%)  and with average volume for 200 days is : 8,263,086.

See More Analyst Rating at: RATING