Reported 4 months ago
Mizuho upgraded PayPal from Neutral to Buy, raising its price target from $68 to $90 due to the introduction of the Fastlane product. The firm believes this could drive a $1.5 billion boost to PayPal's transaction margin dollars, implying 5 to 10% upside. The upgrade is based on stabilized branded checkout trends, positive valuation outlook, and the potential of Fastlane in the $3 trillion total addressable market. Yahoo Finance anchors Josh Lipton and Julie Hyman discussed the upgrade's implications for PayPal moving forward.
Source: YAHOO