PayPal Holdings Inc (PYPL) stock expected to rise by 104.74%: What’s driving the optimism?

PayPal Holdings Inc [PYPL] stock is trading at $57.22, down -1.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PYPL shares have lost -4.63% over the last week, with a monthly amount drifted -3.56%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

PayPal Holdings Inc [NASDAQ: PYPL] stock has seen the most recent analyst activity on July 18, 2024, when William Blair downgraded its rating to a Mkt Perform. Previously, Susquehanna upgraded its rating to Positive on July 02, 2024, and kept the price target unchanged to $71. New Street started tracking the stock assigning a Buy rating and suggested a price target of $80 on May 31, 2024. Mizuho upgraded its rating to a Buy and raised its price target to $90 on May 30, 2024. Monness Crespi & Hardt reiterated a Buy rating for this stock on April 29, 2024, and upped its price target to $88. In a note dated February 13, 2024, Daiwa Securities downgraded an Neutral rating on this stock and revised its target price from $64 to $62.

PayPal Holdings Inc [PYPL] stock has fluctuated between $50.25 and $76.54 over the past year. Currently, Wall Street analysts expect the stock to reach $117.15 within the next 12 months. PayPal Holdings Inc [NASDAQ: PYPL] shares were valued at $57.22 at the most recent close of the market. An investor can expect a potential return of 104.74% based on the average PYPL price forecast.

Analyzing the PYPL fundamentals

PayPal Holdings Inc [NASDAQ:PYPL] reported sales of 30.43B for the trailing twelve months, which represents a growth of 10.79%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 56.73 points at the first support level, and at 56.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.18, and for the 2nd resistance point, it is at 59.14.

Ratios To Look Out For

For context, PayPal Holdings Inc’s Current Ratio is 1.28. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 14.40.

Transactions by insiders

Recent insider trading involved MESSEMER DEBORAH M., Director, that happened on May 24 ’24 when 4422.0 shares were sold. SVP, GM, Lg Ent & Mer Plat., Keller Frank completed a deal on Mar 01 ’24 to sell 7686.0 shares. Meanwhile, EVP, Global Sales Alford Peggy sold 15000.0 shares on Nov 27 ’23.

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