Baird Reiterates Outperform Rating on PayPal (PYPL)

Baird analyst Colin Sebastian reiterated an Outperform rating and $80.00 price target on PayPal (NASDAQ: PYPL).

The analyst commented: "Shifting into a higher gear? We note gradually ramping investor interest in PayPal, as last year's management changes are leading to faster product development, including several
platform enhancements that are close to seeing the light of day. While the competitive landscape remains intense, we believe there are opportunities for PayPal to generate incremental revenues and stabilizing transaction margins in out-years from core branded products, which could lead to upside to estimates and undemanding earnings multiples (~10x EV/EBITDA). In this report, we update key areas of focus, and dig into Fastlane."

For an analyst ratings summary and ratings history on PayPal click here. For more ratings news on PayPal click here.

Shares of PayPal closed at $72.03 yesterday.

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