PayPal (PYPL): Expecting a Strong Quarter - Cantor Fitzgerald
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Get Alerts PYPL Hot Sheet
Rating Summary:
19 Buy, 43 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 9 | New: 12
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Cantor Fitzgerald analyst, Youssef Squali, reiterated his Overweight rating on shares of PayPal (NASDAQ: PYPL) and believes that strong growth trends in mobile commerce during 4Q (from Adobe, comScore) provide a positive read-through for PayPal. The analyst also estimates the hit from F/X in 4Q to be relatively modest.
Growth in active users, rising engagement, greater penetration of merchants, growing in-app usage
and adoption of OneTouch should continue to drive TPV growth in excess of overall e-commerce.
No change to the price target of $48.
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 $41.69 yesterday.
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