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Holdings (PYPL) heads into its first-quarter earnings report on Wednesday as a somewhat controversial stock. UBS downgraded PayPal stock while Barclays and Morgan Stanley raised their price targets last week.XIn addition, two analysts say there could be "noise" amid the PayPal earnings report.PayPal earnings in the March quarter will grow 19% to 68 cents a share, analysts estimate. They project 12% revenue growth to $4.13 billion.Since its spinoff from eBay EBay (EBAY) in 2015, PayPal has evolved from a payment button to a broad services provider. It has expanded from online checkout to mobile payments.Former parent eBay
is phasing out financial ties to PayPal. While PayPal will lose revenue, it'll be able to forge relationships with more online marketplaces, Barclays analyst Ramsay El-Assal said in an April 17 report. El-Assal raised his price target on PayPal stock to 125 from 117.PayPal Venmo Monetization One KeyPayPal in March acquired a stake in Argentina-based MercadoLibre (MELI)."While no further relationship has been announced, we would not be surprised to see further integration/partnering between the two platforms down the road," said El-Assal.Analysts have different views on PayPal's ability to grow revenue from Venmo, a person-to-person mobile payment service. UBS analyst Eric Wasserstrom downgraded PayPal stock to neutral.In a report, he said: "Our EPS sensitivity analysis on PayPal's core operations indicates limited beat-and-raise potential over a two-year horizon, and our bull scenario for Venmo monetization would only add 2% to our current 2020 estimated EPS."At Morgan Stanley, analyst James Faucette on April 17 hiked his price target to 113 from 103. He cited PayPal's "acceptance at 76% of the top 500 internet retailers in the U.S."High Expectations Could Create 'Noise' On PayPal EarningsFaucette added: "With the stock trading at all-time highs, expectations are elevated and may add some noise going into Q1 earnings."At RBC Capital, analyst Daniel Perlman said in his first-quarter preview: "FX (currency exchange rates) and the optics associated with the sale of the U.S. consumer credit portfolio could create noise, especially around reported revenue growth."Furthermore, analysts widely follow PayPal stock on Wall Street. Of 44 analysts that follow PayPal stock, one-third rate it hold or neutral according to Thomson Reuters.In addition, PayPal stock ranks No. 15 in the IBD 50 roster of fast-growing companies.PayPal stock edged up a tiny fraction to close at 106.90 on the stock market today.Follow Reinhardt Krause on Twitter @reinhardtk_tech.YOU MAY ALSO LIKE:See Stocks Just Added To — And Cut From — IBD's Top ScreensMarketSmith: Research, Charts, Data And Coaching All In One PlaceIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis TodayHow To Invest In Growth Stocks: Read This Column DailyGet Free IBD Newsletters: Market Prep | Tech Report | How To InvestThe post PayPal Earnings Due As Analysts Debate Post-EBay, Venmo Growth Outlook appeared first on Investor's Business Daily. Weiter zum vollständigen Artikel bei "Investors Business Daily"
Quelle: Investors Business Daily