Macquarie raised the firm’s price target on PayPal (PYPL) to $115 from $95 and keeps an Outperform rating on the shares. PayPal launched its stablecoin, PYUSD, back in 2023, notes the analyst, who believes stablecoin is “entering the limelight in today’s geopolitical backdrop” and sees growth in functional benefits “meriting multiple expansion” for PayPal.
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