PayPal Stock (PYPL): $230 Price Target By KeyBanc

By Amit Chowdhry ● October 11, 2020
  • This past week, the stock price of PayPal (NASDAQ:PYPL) saw a price target increase from $215 to $230 by KeyBanc

This week, the stock price of PayPal (NASDAQ:PYPL) saw a price target increase from $215 to $230 by KeyBanc. And KeyBanc also assigned an Overweight rating on the PayPal stock. This represents a 16.6% upside from the current stock price of PayPal.

Several other financial firms also recently increased their price targets for PayPal. Loop Capital initiated a Buy rating for PayPal in late September with a price target of $201. And Mizuho Securities initiated coverage on PayPal with a Buy rating in late August with a price target of $285.

PayPal last announced its quarterly earnings on July 29. The company reported $5.26 billion in revenue for the quarter, which was well above analyst expectations. This revenue figure was 22% higher than the same quarter a year earlier.