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Paypal Holdings (PYPL) Received its Third Buy in a Row

After Morgan Stanley and Piper Sandler gave Paypal Holdings (NASDAQ: PYPL) a Buy rating last month, the company received another Buy, this time from Mizuho Securities. Analyst Dan Dolev maintained a Buy rating on Paypal Holdings today and set a price target of $120.00. The company’s shares closed last Monday at $86.81, close to its 52-week low of $71.83.

According to TipRanks.com, Dolev is a 1-star analyst with an average return of -0.3% and a 48.9% success rate. Dolev covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Robinhood Markets.

Currently, the analyst consensus on Paypal Holdings is a Strong Buy with an average price target of $127.07, a 44.5% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $110.00 price target.

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The company has a one-year high of $310.16 and a one-year low of $71.83. Currently, Paypal Holdings has an average volume of 18.16M.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PYPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PayPal Holdings, Inc. is a digital payments platform that enables its customers to send and receive payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, iZettle and Hyperwallet products. The company was founded in December 1998 and is headquartered in San Jose, CA.

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