Shares of PayPal Holdings, Inc. (NASDAQ: PYPL) surges 3.54% on Thursday as a number of analysts recently updated their price targets for the company.
On Wednesday, BTIG analyst Lance Jessurun made a notable move by initiating coverage on PayPal Holdings, giving it a Buy rating. Furthermore, Jessurun announced an optimistic price target of $85, indicating the potential for further growth.
However, not all analysts shared the same outlook. Atlantic Equities analyst Kunaal Malde downgraded PayPal Holdings from Overweight to Neutral on Tuesday. Alongside this downgrade, Malde revealed a price target of $72, suggesting a more moderate expectation for the stock.
Last Friday, PayPal experienced significant attention from analysts, resulting in five different changes to their recommendations:
- Charles Nabhan from Stephens & Co. reiterated an Equal-Weight rating for PayPal Holdings and maintained the $80 price target.
- Moshe Katri, an analyst at Wedbush, also reiterated an Outperform rating for PayPal Holdings and maintained the $85 price target.
- Goldman Sachs analyst Michael Ng remained optimistic about PayPal Holdings, maintaining a Buy rating but lowering the price target from $103 to $92.
- Daniel Perlin, an analyst at RBC Capital, reiterated an Outperform rating for PayPal Holdings and maintained the $86 price target.
- Deutsche Bank analyst Bryan Keane reaffirmed confidence in PayPal Holdings with a Buy rating. However, Keane adjusted the price target from $100 to $80.
As of press time, Shares of PYPL were up 3.54% at $65.85 with a daily trade volume of 21,425,443 (21.42 million).