PayPal Holdings, Inc. (NASDAQ:PYPL) had its price target upped by Deutsche Bank AG to $88.00 in a research report report published on Friday. Deutsche Bank AG currently has a buy rating on the credit services provider’s stock.

A number of other equities research analysts have also issued reports on the stock. Cantor Fitzgerald reaffirmed an overweight rating and set a $85.00 price objective (up from $79.00) on shares of PayPal Holdings in a report on Friday. Argus increased their price objective on shares of PayPal Holdings from $80.00 to $87.00 and gave the company a buy rating in a report on Friday. Stifel Nicolaus increased their price objective on shares of PayPal Holdings from $70.00 to $77.00 and gave the company a hold rating in a report on Friday. Royal Bank Of Canada increased their price objective on shares of PayPal Holdings from $83.00 to $89.00 and gave the company an outperform rating in a report on Friday. Finally, Citigroup Inc. reaffirmed a buy rating and set a $87.00 price objective on shares of PayPal Holdings in a report on Friday. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings currently has an average rating of Buy and an average price target of $72.64.

Shares of PayPal Holdings (PYPL) opened at $76.38 on Friday. PayPal Holdings has a one year low of $38.06 and a one year high of $78.01. The company has a market cap of $91,801.88, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 3.31 and a beta of 1.03.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was up 21.4% on a year-over-year basis. equities analysts forecast that PayPal Holdings will post 1.37 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Deutsche Bank AG Boosts PayPal Holdings, Inc. (PYPL) Price Target to $88.00” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/11/20/deutsche-bank-ag-boosts-paypal-holdings-inc-pypl-price-target-to-88-00.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Trust LLC raised its stake in PayPal Holdings by 16.0% in the 3rd quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock valued at $2,395,000 after purchasing an additional 5,151 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in PayPal Holdings by 69.4% in the 3rd quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock valued at $3,143,000 after purchasing an additional 19,991 shares during the last quarter. Moors & Cabot Inc. raised its stake in PayPal Holdings by 10.7% in the 3rd quarter. Moors & Cabot Inc. now owns 8,756 shares of the credit services provider’s stock valued at $558,000 after purchasing an additional 845 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in PayPal Holdings in the 3rd quarter valued at $1,289,000. Finally, Cetera Advisors LLC raised its stake in PayPal Holdings by 14.3% in the 3rd quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock valued at $346,000 after purchasing an additional 682 shares during the last quarter. 82.77% of the stock is owned by hedge funds and other institutional investors.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.