- The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received an $80 price target from Truist. These are the details.
The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received an $80 price target from Truist. And Truist analyst Andrew Jeffrey is maintaining a “Hold” rating on the shares.
Jeffrey adjusted the rating as part of a broader research note on IT services. And while Jeffrey is long-term bullish on leading Digital Native stocks and safe haven traditional networks, the Legacy Processors offer the least attractive risk/rewards amid near-term margin risk and share challenges.
Despite its eCommerce first-mover advantage, strong balance sheet, above-average organic revenue growth, and relatively attractive valuation, Jeffrey has been reluctant to recommend a stock that is losing U.S. branded SMB market share to Digital Native disruptors.
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