PayPal (PYPL): Expecting a Strong Quarter - Cantor Fitzgerald

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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