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Paypal Holdings (PYPL) Receives a Hold from Needham

Needham analyst Mayank Tandon maintained a Hold rating on Paypal Holdings (PYPLResearch Report) today. The company’s shares closed last Wednesday at $82.61, close to its 52-week low of $82.12.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 13.5% and a 50.8% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Duck Creek Technologies, and Grid Dynamics Holdings.

Currently, the analyst consensus on Paypal Holdings is a Moderate Buy with an average price target of $160.92, representing a 92.6% upside. In a report issued on April 14, Truist Financial also maintained a Hold rating on the stock with a $115.00 price target.

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Based on Paypal Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.92 billion and net profit of $801 million. In comparison, last year the company earned revenue of $12.2 billion and had a net profit of $1.57 billion.

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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