Paypal's July Rally Will Continue, Vetr Crowd Says

Shares of Paypal Holdings Inc PYPL have gained more than 7.8 percent in July. However, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $40.53, which implies a potential return of more than 4.1 percent.

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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on Paypal’s stock, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

It should be noted that, even though the crowd deems the upside potential quite limited, 88 percent of its ratings are bullish at the time.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.