Stocks and Investing Stocks and Investing
Sat, December 14, 2024
Fri, December 13, 2024

PayPal upgraded to "outperform" by Wolfe Research on growth potential


Published on 2024-12-13 11:41:27 - MSN
  Print publication without navigation

  • Wolfe Research upgraded PayPal Holdings Inc (NASDAQ:PYPL) to "outperform" from "peer perform" and raised its price target to $107, on growth opportunities and operating leverage. Brokerage highlighted PayPal's large user base

PayPal has been upgraded to "Outperform" from "Peer Perform" by Wolfe Research, highlighting the company's potential for growth. Analyst Darrin Peller cited several reasons for the upgrade, including PayPal's ability to reaccelerate revenue growth, expand its total payment volume (TPV), and improve its operating margins. The upgrade comes amidst a backdrop where PayPal has been facing competition from other payment platforms but has shown resilience through strategic initiatives like enhancing its branded checkout experience and expanding its unbranded processing capabilities. Peller also noted that PayPal's stock is currently undervalued, presenting a buying opportunity for investors looking at long-term growth in the digital payments sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/paypal-upgraded-to-outperform-by-wolfe-research-on-growth-potential/ar-AA1vOBAc ]
Contributing Sources