PayPal target raised to $114 at BTIG on optimism about account growth, eBay transition
BTIG analyst Mark Palmer increased his price target on shares to PayPal Holdings Inc. to $114 from $95 on Monday on optimism for the company's ability to weather changes in its relationship with eBay Inc. [: ebay] and continue growing active accounts at a fast clip. Palmer's new target is the second highest listed on FactSet. "We believe PayPal is well positioned to continue to generate growth about twice that of its peer group, which justifies a premium multiple," Palmer wrote. He highlighted... Читать дальше...