trending Market Intelligence /marketintelligence/en/news-insights/trending/xKVJm50c-d9J6QwFs2_kDQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Bernstein upgrades PayPal on potential positive revisions

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

Blog

The State of Green Business 2021: Positive Impact

Blog

European subscription OTT video 5-year outlook


Bernstein upgrades PayPal on potential positive revisions

Sanford C. Bernstein analyst Harshita Rawat upgraded PayPal Holdings Inc. on the likelihood of positive revisions in 2020 and long-term optionality for growth acceleration.

Rawat wrote that there could be positive revisions due to tailwinds from PayPal's partnerships, pricing and its acquisition of Honey Science Corp. Aside from partnerships, the analyst said PayPal also has options for long-term growth from potential offline-to-online convergence and better execution in areas that are either under-monetized of under-invested.

The analyst noted the company's sustained potential for margin expansion given that underlying gross profitability drivers have started to stabilize.

Rawat upgraded PayPal to "OP" with a price target of $130.