PayPal Stock (PYPL): $337 Price Target From Morgan Stanley

By Amit Chowdhry ● Dec 4, 2021
  • The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received a $337 price target from Morgan Stanley. These are the details.

The shares of PayPal Holdings Inc (NASDAQ: PYPL) have received a $337 price target from Morgan Stanley. And Morgan Stanley analyst James Faucette increased the price target from $329 while maintaining an “Overweight” rating on the shares. 

Faucette noted that PayPal reported that its stronger-than-expected sales performance and strong total payment volume (TPV) growth highlight the value proposition its solutions have for consumers and merchants and its March quarter results and June quarter commentary should ease the concerns related to the tougher comps.

It’s also worth mentioning that the volumes on PayPal’s “buy now, pay later” platform was 5 times higher this Black Friday compared with a year earlier as the company starts to gain traction.

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