PayPal (PYPL) Stock: $263 Price Target From UBS

By Amit Chowdhry ● Nov 28, 2021
  • The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received a $263 price target from UBS. These are the details.

The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received a $263 price target from UBS. And UBS analyst Rayna Kumar assumed coverage of PayPal with a “Buy” rating.

Kumar pointed out that the pull back following its third quarter earnings release provides a buying opportunity. And Kumar believes that the depressed earnings through the first half of 2022 is already priced into the shares.

Going forward, Kumar believes that PayPal should benefit from the accelerated growth of digital payments sparked by the pandemic while expanding its moat as a 2-sided payments network.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.