Stephens analyst Charles Nabhan maintains $PayPal (PYPL.US)$ with a hold rating, and adjusts the target price from $75 to $85.
According to TipRanks data, the analyst has a success rate of 53.8% and a total average return of 2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PayPal (PYPL.US)$'s main analysts recently are as follows:
The firm indicates that the positive momentum in the FinTech sector is likely to persist as the industry approaches third-quarter financial disclosures. It is suggested that a relatively stable macroeconomic climate, consistent or declining interest rates, more balanced capital inflows, enhanced perception of valuation limits for larger corporations, and progressive profitability increases are factors that could underpin stock values. The firm's preference in stock selection is leaning more towards riskier propositions, aligning with the latest phase of the sector.
PayPal's shares have experienced a rebound since the announcement of Q2 results, buoyed by a series of initiatives and partnerships. Having demonstrated a solid performance in the first half of the year, the company aims to sustain its momentum into the second half.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
