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Credit Suisse updates on PayPal

Published 10/17/2017, 02:39 PM
© Reuters.  Credit Suisse updates on PayPal
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  • Credit Suisse (SIX:CSGN) backs its positive outlook on PayPal Holdings (PYPL -1.2%) in a new note to clients.
  • The firm sees PayPal's expansion of Pay with Vermo as a positive development.
  • "We believe it promises to drive transaction growth and improve user engagement, while presenting new monetization schemes via its social/marketing platform," writes analyst Paul Condra and team.
  • "While we believe Venmo transaction fees are the same as regular PayPal, we believe Venmo is majority ACH-funded, which could positively impact net transaction margin," adds Condra.
  • CS keeps an Outperform rating and $70 price target on PayPal.
  • Now read: Bitcoin Vs. PayPal


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