PayPal (NASDAQ:PYPL) Price Target and Financial Overview

• James Friedman from Susquehanna sets a price target of $94 for PayPal (NASDAQ:PYPL), indicating a potential upside of about 17.09%.
• PayPal receives a 'Buy' rating, highlighting its strong growth in payment transactions and profitability, alongside strategic partnerships enhancing its commerce platform.
• Despite mixed Q3 earnings, PayPal's fundamentals like EPS growth and robust cash flow position it for long-term growth, with shares surging 37.56% since July under new leadership.

On October 30, 2024, James Friedman from Susquehanna set a price target of $94 for PayPal (NASDAQ:PYPL). At the time, the stock was trading at $80.28, suggesting a potential upside of about 17.09%. PayPal, a leader in digital payments, is known for its strong growth in payment transactions and profitability. It competes with other major players like Square and Stripe.

PayPal has received a 'Buy' rating with a fair value of $96 per share, driven by its robust growth in payment transactions and profitability. The company is enhancing its commerce platform and expanding its ecosystem through strategic partnerships and increased usage of Buy Now, Pay Later services. Over 1,000 merchants have adopted PayPal's Fastlane service, showing promising results.

Despite mixed Q3 earnings, PayPal's fundamentals remain strong. The company reported strong growth in earnings per share (EPS), although revenue was flat, and the holiday quarter guidance was lackluster. However, PayPal improved its fundamentals with an increase in transactions per active account and robust cash flow, positioning it for long-term growth.

PayPal's shares have surged 37.56% since July, thanks to new leadership under CEO Alex Chriss and strategic partnerships. The company's Q3 earnings exceeded EPS estimates by over 12%, despite a slight revenue miss. Key partnerships with Amazon, Shopify, and Apple have strengthened PayPal's market position, promising substantial growth and reducing competitive risks.

Currently, PayPal's stock price is $80.28, reflecting a decrease of 3.31, or -3.96%, from the previous session. The stock has traded between $76.82 and $81.25 today. Over the past year, PYPL reached a high of $83.70 and a low of $50.80. The company's market capitalization is approximately $82.07 billion, with a trading volume of 34.36 million shares on the NASDAQ exchange.