Vetr Issues Paypal A Strong Buy Upgrade
The Vetr crowd on Tuesday upgraded their rating for Paypal Holdings Inc (NASDAQ: PYPL), from 4 stars (Buy), issued four days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Paypal was mostly positive, with 89 percent of Vetr user ratings bullish.
Paypal's stock has bounced back following a selloff shortly after the company released its Q4 earnings late in January.
After bottoming out on February 3, Paypal made gains of nearly 10 percent to a four-month high of $43+ late in the month. Share price has dropped since then, and Paypal closed today at $42.10.
Currently, the Vetr crowd's average target price for Paypal is up at $51.67, which is above the average analyst target price of $45.64. Less than 2 percent of Vetr users are holding PYPL in their watch lists.
Latest Ratings for PYPL
|Jan 2017||Loop Capital||Initiates Coverage On||Hold|
|Jan 2017||BMO Capital||Initiates Coverage On||Outperform|
|Jan 2017||Guggenheim||Initiates Coverage On||Buy|
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