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Nomura's Case For Adding Square To The FANG Trade
Tuesday, September 25, 2018 - 12:28pm | 399Investors who missed the boat on the explosive growth in the FANG group of stocks over the past decade may now have an opportunity to buy the newest potential member of the group. The Analyst Nomura Instinet analyst Dan Dolev listed five reasons Square Inc (NYSE: SQ) should be the newest member of...
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PayPal's Q2 Print Reinforces William Blair's Case For The Payments Stock
Thursday, July 26, 2018 - 11:01am | 404While PayPal Holdings Inc (NASDAQ: PYPL) did not report a blowout second quarter Wednesday, the data shows a steady consistency in the payments company's results, according to William Blair. . The Analyst William Blair analyst Robert Napoli maintained an Outperform rating on PayPal....
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Wedbush Names PayPal As A 'Best Idea,' Projects 20% Upside
Friday, June 8, 2018 - 10:49am | 438Three notable catalysts ahead should propel Paypal Holdings Inc (NASDAQ: PYPL) shares higher by around 20 percent, according to Wedbush. The Analyst Wedbush's Moshe Katri maintains an Outperform rating on PayPal's stock with a price target lifted from $90 to $100. The analyst placed...
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PayPal Has 'Strong Secular Tailwinds,' $110T Total Addressable Market, Stifel Says In Upgrade
Friday, May 25, 2018 - 8:59am | 408Paypal Holdings Inc (NASDAQ: PYPL) hosted its bi-annual investor day presentation Thursday and convinced Stifel the company is much more than just a "button" or "online checkout company." The Analyst Stifel's Scott Devitt upgraded PayPal's stock rating from...
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PayPal's Pay With Venmo Could Positively Surprise Next Year, KeyBanc Says
Friday, December 1, 2017 - 3:38pm | 414Paypal Holdings Inc (NASDAQ: PYPL) may have a breakout hit on its hands with its Venmo mobile payment service. A new Paypal user survey suggests customers are falling in love with the company’s social person-to-person payment app Venmo. The Analyst KeyBanc analyst Josh Beck maintains an...
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Plaid: The Fintech Link Between Banks And Startups
Friday, September 1, 2017 - 1:25pm | 993The origins of Plaid — the middleman between bank data and fintech innovators like Venmo — come from the realization by founders Zach Perret and William Hockey that the development of financial services apps faced a roadblock: integration with the institutions that hold consumers...
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PayPal's Q2 Was Strong, But Valuation Has Some Analysts Concerned
Thursday, July 27, 2017 - 10:52am | 546Expectations heading into Paypal Holdings Inc (NASDAQ: PYPL)'s earnings report on Wednesday were "elevated," but the company certainly delivered — total payment volume, revenue, and non-GAAP earnings per share exceeded what analysts at Stifel were expecting. But at the same time, the firm's...
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Why One Analyst Is Incrementally More Bullish On His Top Pick: PayPal
Thursday, July 13, 2017 - 10:20am | 480Monness Crespi Hardt analyst James Cakmak is now the most bullish Paypal Holdings Inc (NASDAQ: PYPL) analyst on the Street, reiterating a Buy rating and upping his price target from $54 to $70. The firm’s “top idea for 2017” has an average price target across analysts of around $...
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A Third Of Millennials Have Used Venmo To Buy Drugs
Tuesday, July 11, 2017 - 11:28am | 340While Paypal Holdings Inc (NASDAQ: PYPL) mobile payment app Venmo continues to grow and is on track to process over $20 billion in payments this year, the application has become a medium of suspicious transactions for millennials. In a recent study by LendEDU, nearly a third of millennial...
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Here's How PayPal Shares Can Hit $63
Monday, June 26, 2017 - 4:08pm | 507BTIG analyst Mark Palmer sees growth ahead for Paypal Holdings Inc (NASDAQ: PYPL), reiterating a Buy rating with a price target raised from $53 to $63. “We believe [PayPal] represents the most direct means by which investors can participate in the growth of mobile payments and e-commerce,...
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Apple Announces What Could Be A Venmo Killer: Will It Compete?
Thursday, June 15, 2017 - 2:04pm | 780Apple Inc. (NASDAQ: AAPL) announced its latest payment feature, which will make the tech behemoth a major competitor in the growing peer-to-peer payments industry. The feature will enable Apple to compete head to head against the industry’s most dominant player, Venmo (acquired by Braintree...
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Big Banks Back Zelle As Preferred Digital Payment Platform
Tuesday, June 13, 2017 - 4:09pm | 391Hopeful fintech startups have proliferated over the years without deposing Paypal Holdings Inc (NASDAQ: PYPL)’s trendy Venmo payment platform. But new threats have emerged, and Paypal investors have taken notice. Following Monday news that a consortium of major banks will soon launch...
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Everything You Need To Know From Apple's Worldwide Developers Conference 2017 Keynote Address
Monday, June 5, 2017 - 4:29pm | 1261A 10-year-old Australian boy and 82-year-old Japanese woman were among the hundreds of developers convened at Apple Inc. (NASDAQ: AAPL)'s 2017 WWDC conference Monday. “The Apple developer community has never been more vibrant,” CEO Tim Cook said during the keynote address. “We...
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PayPal Has A Lot Of Positives, An Attractive Stock Price Isn't One Of Them
Thursday, May 25, 2017 - 9:35am | 624Despite the positives, Stifel downgraded shares of Paypal Holdings Inc (NASDAQ: PYPL) to a Hold, citing valuation. The firm noted shares have reached its price target of $51. Stock Outperforms Analysts Scott Devitt, John Davis, Lamont Williams and Logan Thomas noted PayPal shares have climbed 15...
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Here's What Analysts Thought Of PayPal's Q1
Friday, April 28, 2017 - 9:22am | 692Paypal Holdings Inc (NASDAQ: PYPL) announced Wednesday after the market close first-quarter non-GAAP earnings per share of $0.44, ahead of the consensus estimate of $0.41. Revenues were up 17 percent to $2.98 billion, also topping the $2.94 billion-consensus estimate. The company's second-quarter...