Barclays Says PayPal (PYPL) Margins And Take Rate Are Encouraging

Barclays maintains Overweight on PayPal (NASDAQ: PYPL) price target of $47.00.

Analyst Darrin Peller comments "We expect continued share gains for PYPL’s core e-commerce/mobile segments coupled with incremental revenue from Venmo, Xoom, partnerships, and pricing to drive outsized top-line growth for the next few years. Stable margins and capital return should enable high-teens EPS growth over the same time-frame. While some questions may remain around credit contribution or partnerships, we see its growth potential putting PYPL among a select group of sustainably strong growth stocks, and believe valuation should reflect this profile."

For an analyst ratings summary and ratings history on PayPal click here. For more ratings news on PayPal click here.

Shares of PayPal closed at $41.50 yesterday.

You May Also Be Interested In

• Freedom Capital Starts Flutter Entertainment (FLUT) at Hold
• Allegro MicroSystems (ALGM) PT Raised to $70 at TD Cowen: 'Secular + Cyclical Growth Combo'
• Definium Therapeutics Inc (DFTX) PT Raised to $60 at Oppenheimer