Stock Worth Watching: Could Paypal Holdings Inc Decline After Today’s Big Increase?

Stock Worth Watching: Could Paypal Holdings Inc Decline After Today's Big Increase?

The stock of Paypal Holdings Inc (NASDAQ:PYPL) is a huge mover today! About 2.72M shares traded hands. Paypal Holdings Inc (NASDAQ:PYPL) has risen 1.61% since March 9, 2016 and is uptrending. It has underperformed by 5.81% the S&P500.
The move comes after 8 months positive chart setup for the $46.97B company. It was reported on Oct, 12 by Barchart.com. We have $58.18 PT which if reached, will make NASDAQ:PYPL worth $22.08B more.

Analysts await Paypal Holdings Inc (NASDAQ:PYPL) to report earnings on October, 26. They expect $0.27 earnings per share, up 3.85% or $0.01 from last year’s $0.26 per share. PYPL’s profit will be $320.40M for 36.66 P/E if the $0.27 EPS becomes a reality. After $0.30 actual earnings per share reported by Paypal Holdings Inc for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Paypal Holdings Inc (NASDAQ:PYPL) Ratings Coverage

Out of 35 analysts covering PayPal Holdings Inc (NASDAQ:PYPL), 16 rate it a “Buy”, 4 “Sell”, while 15 “Hold”. This means 46% are positive. PayPal Holdings Inc has been the topic of 58 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Friday, March 18, the company rating was downgraded by Stifel Nicolaus. On Thursday, October 29 the stock rating was maintained by UBS with “Neutral”. As per Monday, January 4, the company rating was downgraded by Monness Crespi & Hardt. The stock of Paypal Holdings Inc (NASDAQ:PYPL) has “Buy” rating given on Monday, September 21 by Stifel Nicolaus. The company was initiated on Thursday, July 23 by UBS. The company was initiated on Monday, August 3 by Compass Point. Credit Suisse initiated the stock with “Outperform” rating in Friday, December 11 report. UBS maintained the shares of PYPL in a report on Thursday, April 28 with “Neutral” rating. The rating was initiated by CLSA on Thursday, September 3 with “Underperform”. First Analysis initiated Paypal Holdings Inc (NASDAQ:PYPL) on Monday, July 27 with “Overweight” rating.

According to Zacks Investment Research, “PayPal Holdings, Inc. is a technology platform company. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products. PayPal Holdings, Inc. is based in San Jose, California.”

More recent Paypal Holdings Inc (NASDAQ:PYPL) news were published by: Fool.com which released: “Why PayPal Holdings Inc. Stock Jumped 10.3% in September” on October 11, 2016. Also Profitconfidential.com published the news titled: “PayPal Holdings Inc: These Triggers Could Send PYPL Stock Skyrocketing” on September 25, 2016. Investorplace.com‘s news article titled: “PayPal Holdings Inc (PYPL) Is on the Rise — Pay Smartly to Cash In” with publication date: September 29, 2016 was also an interesting one.

PYPL Company Profile

PayPal Holdings, Inc. (PayPal), incorporated on January 30, 2015, is a technology platform firm that enables digital and mobile payments on behalf of clients and merchants across the world. The Firm allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions. The Company’s combined payment solution capabilities, including its PayPal, PayPal Credit, Braintree, Venmo, and Xoom products, comprise its Payments Platform. It allows its clients to use their account to both purchase and be paid for goods, as well as transfer and withdraw funds. A consumer can typically fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card or other stored value products, such as coupons and gift cards. PayPal, Venmo, and Xoom products allow friends and family to transfer funds to each other, including cross border transfers using several of these funding sources. It offers merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as access to funds. It helps merchants connect with their clients and manage risk. The Payments Platform connects with financial institutions around the world and allows clients to make purchases using a range of payment methods, regardless of where a merchant is located. Consumers using its Payments Platform can engage in cross-border shopping by sending payments in over 200 markets across the world and in over 100 currencies.

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