PayPal shares got bullish views from several analysts, following its commentary in its investor/analyst day on Thursday.
Wedbush maintained its outperform rating and $300 price target on the online payments system company’s shares. The analysts mentioned “accelerating organic top line/volume growth rate; further expansion in margins, as PayPal’s revenue/volume growth will benefit from diminishing EBAY headwinds; as well as expanding user engagement/monetization metrics.”
J.P. Morgan analysts boosted their price target to $310 from $249, keeping an overweight rating. PYPL remains “one of our top picks for 2021”, said J.P. Morgan. The analysts emphasized that “PYPL sees 20% and 22% compounded revenue and EPS growth (all organic) through 2025.”
Credit Suisse increased its price target to $310 from $275, keeping its outperform rating. According to the analysts, “PayPal’s medium-term outlook solidifies its position in a rare group of companies that can compound 20%+ topline at this scale”.