PayPal Holdings (PYPL – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Darrin Peller from Wolfe Research maintained a Buy rating on the stock and has a $97.00 price target.
Darrin Peller has given his Buy rating due to a combination of factors that highlight PayPal Holdings’ promising growth prospects. The company has reaffirmed its medium-term guidance, projecting a gross profit growth of over 5% and an adjusted EPS growth of 6-10% by 2025. Looking further ahead, PayPal aims for high single-digit gross profit growth by 2027, alongside low-teen plus EPS growth, which surpasses many investor expectations.
Additionally, PayPal’s strategic initiatives, such as the launch of PayPal Open and the expanded partnership with Verifone, are expected to enhance its market position. PayPal Open is designed to be a comprehensive platform for merchants, integrating various payment options and AI-powered insights, while the Verifone partnership aims to strengthen PayPal’s presence in physical sales channels. These developments, coupled with the company’s commitment to returning a significant portion of free cash flow to shareholders, underpin Peller’s optimistic outlook on PayPal’s future performance.
In another report released on February 20, KBW also maintained a Buy rating on the stock with a $104.00 price target.