+ 2.69
+ 1.88%

Here's Why PayPal Is Moving Today

May 6, 2021 9:40 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Paypal Holdings Inc (NASDAQ:PYPL) shares are trading higher by 3% after the company reported better-than-expected first-quarter EPS and sales results and raised guidance.

PayPal reported quarterly earnings of $1.22 per share, which beat the analyst consensus estimate of $1.01. PayPal also reported quarterly sales of $6.03 billion, which beat the analyst consensus estimate of $5.90 billion.

Following the earnings results, Credit Suisse analyst Timothy Chiodo maintains PayPal Holdings with an Outperform and raises the price target from $310 to $315.

Morgan Stanley also maintains PayPal with an Overweight and raises the price target from $329 to $337.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Related Articles

AMD And Nvidia Lead The Nasdaq Higher Thursday

U.S. indices had a mixed day of trading following Wednesday's Fed announcement. The Fed raised its inflation outlook for 2021 and 13 officials said they see a rate increase in 2023. read more

Is It Time To Buy PayPal Stock?

Shares of PayPal Holdings, Inc. (NASDAQ: PYPL) may be on the verge of a breakout, as they're testing the resistance at the $275 level. When the stock reached this level in April, it ran into a wall of sellers. They put a top on it and the rally ended and a downtrend followed. read more

PayPal And Facebook Lead The Nasdaq Lower Wednesday

U.S. indices were trading lower Wednesday afternoon after the Federal Reserve held rates constant but raised its inflation expectations for 2021-2023. read more

PayPal's Stock Battles Resistance: What's Next?

Paypal Holdings, Inc. (NASDAQ: PYPL) is almost back within arm’s reach of its Feb. 16 all-time high of $309.14. read more