Merrill Lynch analyst Jason Kupferberg reiterated a Buy rating on Paypal Holdings (NASDAQ:PYPL) on Friday, setting a price target of $171, which is approximately 17.16% above the present share price of $145.96.
Kupferberg expects Paypal Holdings to post earnings per share (EPS) of $0.07 for the second quarter of 2020.
The current consensus among 26 TipRanks analysts is for a Strong Buy rating of shares in Paypal Holdings, with an average price target of $149.04.
The analysts price targets range from a high of $172 to a low of $120.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.62 billion and a net profit of $427 million. The company's market cap is $174.68 billion.
According to TipRanks.com, Merrill Lynch analyst Jason Kupferberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.5% and a 73.26% success rate.
PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The firm also enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom. The company was founded in December 1998 and is headquartered in San Jose, CA.