Breaking: PayPal assumed with a Buy and a $263 price target at UBS

GabrielleSusan
2021-11-18

$PayPal(PYPL)$ Breaking: PayPal assumed with a Buy and a $263 price target at UBS
UBS analyst Rayna Kumar assumed coverage of PayPal with a Buy rating and $263 price target. The analyst notes that the pull back following its Q3 earnings release provides a buying opportunity, and already prices in depressed earnings through the first half of 2022. PayPal should benefit from the accelerated growth of digital payments sparked by the pandemic, while expanding its moat as a 2-sided payments network, Kumar tells investors in a research note.

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