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

After Piper Sandler and KBW gave Paypal Holdings (NASDAQ: PYPL) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst James Fotheringham maintained a Buy rating on Paypal Holdings today and set a price target of $124.00. The company’s shares closed last Wednesday at $97.92, close to its 52-week low of $67.58.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 14.5% and a 63.2% success rate. Fotheringham covers the Financial sector, focusing on stocks such as International Money Express, Discover Financial Services, and Focus Financial Partners.

Paypal Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $118.13, implying a 20.6% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $130.00 price target.

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Paypal Holdings’ market cap is currently $113.4B and has a P/E ratio of 56.51.

Based on the recent corporate insider activity of 78 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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