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Why PayPal's Crypto Initiative Is Turning BTIG Bullish
Thursday, January 21, 2021 - 2:17pm | 406Read More...PayPal Holdings Inc (NASDAQ: PYPL) shares were advancing Thursday after a sell-side analyst took a bullish stance on the payments stock. The PayPal Analyst: BTIG analyst Mark Palmer upgraded PayPal from Neutral to Buy with a $300 price target. The PayPal Thesis: The accelerating shift toward...
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Square Analysts React To FDIC's Conditional Banking License Approval For Payments Company
Thursday, March 19, 2020 - 2:22pm | 786Read More...Payment processing company Square Inc (NYSE: SQ) said Wednesday that the FDIC voted to conditionally approve its application for an Industrial Loan Company, or ILC, bank charter. The company also received charter approval from the Utah Department of Financial Institutions. The Square...
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BTIG Says PayPal Remains Undervalued
Monday, May 6, 2019 - 12:54pm | 356Read More...Shares of Paypal Holdings Inc (NASDAQ: PYPL) have gained nearly 25 percent over the past year and 45 percent since December, but BTIG says the stock remains undervalued. The Analyst BTIG's Mark Palmer maintains a Buy rating on PayPal with a price target lifted from $114 to $130. The Thesis...
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Square's Guidance Miss: Analysts Speak Up
Thursday, November 8, 2018 - 12:21pm | 653Read More...Square Inc (NYSE: SQ) is getting crushed Thursday following a disappointing third-quarter earnings report. Square beat analyst expectations for earnings and revenue, but its fourth-quarter guidance disappointed Wall Street. The stock was down more than 9 percent to $74.79 at time of publication....
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Venmo, User Growth, Retail And Bank Partnerships: Analysts Discuss PayPal's Q3
Friday, October 19, 2018 - 9:22am | 654Read More...PayPal Holdings Inc. (NASDAQ: PYPL) reported third-quarter earnings after the close Thursday, and shares were surging Friday morning in reaction to the print. The Analysts Credit Suisse analyst Paul Condra set an Outperform rating and $100 price target. Raymond James analyst John...
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Square CFO Sarah Friar Departs: Analysts Debate What To Do Next With The Stock
Thursday, October 11, 2018 - 10:15am | 699Read More...Longtime Square Inc (NYSE: SQ) CFO Sarah Friar confirmed Wednesday she will step down from her post to assume the CEO title of Nextdoor, a social network for local neighborhoods. Square's stock sold off more than 15 percent Thursday. Here's a summary of how some of the Street's top...
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BTIG Downgrades Square To Sell: 'No Clear Path To Profitability In The Near Future'
Monday, November 27, 2017 - 10:01am | 432Read More...Square Inc (NYSE: SQ) stock is up an incredible 240 percent in 2017, but another analyst now says now is the time for traders to take their profits to the bank. The Analyst BTIG analyst Mark Palmer downgraded Square from Neutral to Sell and set a $30 price target for the stock. The Thesis...
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Sell-Side Sold On PayPal's Q3, Bumps Up Price Targets
Friday, October 20, 2017 - 1:53pm | 757Read More...Paypal Holdings Inc (NASDAQ: PYPL) reported Thursday after the market close third-quarter results, which showed 21-percent revenue growth to $3.24 billion and 31 percent non-GAAP earnings per share growth to 46 cents. The payment processing platform said active customer accounts totaled 218...
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H&R Block Outlook Pays A Penalty For Inconsistent Performance
Wednesday, August 30, 2017 - 9:51am | 519Read More...Shares of H&R Block Inc (NYSE: HRB) tumbled more than 7 percent Wednesday as investors weren't satisfied with the company's fiscal first-quarter earnings report, which prompted some analysts to reiterate a Sell rating on the stock. BTIG's Mark Palmer maintains a Sell rating with an...
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Bullish Analyst Still Sees Several Of PayPal's Growth Initiatives In Their Early Stages
Monday, July 24, 2017 - 9:55am | 672Read More...Ahead of its earnings date, investors should have high expectations for PayPal Holdings Inc (NASDAQ: PYPL) as the stock is trading up nearly 50 percent over the last seven months. “At this juncture, we believe investors in PYPL shares will be looking not only for an earnings beat and perhaps...
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Here's How PayPal Shares Can Hit $63
Monday, June 26, 2017 - 3:08pm | 507Read More...BTIG analyst Mark Palmer sees growth ahead for Paypal Holdings Inc (NASDAQ: PYPL), reiterating a Buy rating with a price target raised from $53 to $63. “We believe [PayPal] represents the most direct means by which investors can participate in the growth of mobile payments and e-commerce,...
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H&R Block CEO Goes Out With A Beat As Q4 Results Exceed Expectations
Wednesday, June 14, 2017 - 8:53am | 434Read More...H & R Block Inc (NYSE: HRB) shares are surging in reaction to the strong fourth-quarter results the company released Tuesday. BTIG noted the results would mean CEO Bill Cobb, who last month announced his departure from the company at the end of July, will bow out in style. Analyst Mark Palmer...
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Square Uses Investor Day To Play Up Magnitude Of Opportunities; BTIG Downgrades On Valuation
Wednesday, May 17, 2017 - 9:33am | 323Read More...BTIG's Mark Palmer downgraded shares of Square Inc (NYSE: SQ) from Buy to Neutral after the stock hit his $20 price target. Palmer's downgrade and removal of Square's price target comes at a time when Square "impressed" him with solid execution over the past few quarters,...
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LendingClub's Q1 Signals Another Step Toward Re-Establishing Its Growth Story
Friday, May 5, 2017 - 10:40am | 311Read More...LendingClub Corp (NYSE: LC)'s earnings report marks "another step in the right direction" for the company, at least according to BTIG's Mark Palmer who maintains a Buy rating on LendingClub's stock with an unchanged $9 price target. Palmer commented in a research report on Friday LendingClub's loan...
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Square Exceeds High Expectations, Sets Even Higher Bar For The Rest Of The Year
Thursday, May 4, 2017 - 9:52am | 399Read More...Shares of Square Inc (NYSE: SQ) gained more than 9 percent Thursday morning and hit an all-time high of $19.99 in reaction to a better-than-expected first-quarter report. BTIG's Mark Palmer maintains a Buy rating and $20 price target on Square's stock after the company delivered solid results in...
