Barclays raised the firm’s price target on PayPal to $92 from $85 and keeps an Overweight rating on the shares. The firm is adjusting its model to reflect the company’s guidance, consensus expectations, and the management commentary, including slightly modestly lower branded and Braintree volume growth expectations for the second half of 2024, the analyst tells investors in a research note. Barclays is also boosting its assumed expected forward earnings multiple to 19-times from 18-times.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PYPL:
- PayPal (NASDAQ:PYPL) Allows Merchants to Buy and Sell Cryptocurrencies
- PayPal enables U.S. merchants to buy, hold and sell cryptocurrency
- PayPal to let U.S. merchants buy, hold, sell crypto directly from PayPal account
- Recovering Retail in Canada Gives Shopify (TSE:SHOP) a Boost
- PayPal price target raised to $94 from $74 at Deutsche Bank