Paypal Holdings Inc 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.
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