Fintel reports that on December 13, 2024, Wolfe Research upgraded their outlook for PayPal Holdings (NasdaqGS:PYPL) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 3.81% Upside
As of December 3, 2024, the average one-year price target for PayPal Holdings is $92.81/share. The forecasts range from a low of $70.70 to a high of $131.25. The average price target represents an increase of 3.81% from its latest reported closing price of $89.40 / share.
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The projected annual revenue for PayPal Holdings is 34,282MM, an increase of 8.98%. The projected annual non-GAAP EPS is 5.66.
What is the Fund Sentiment?
There are 2,823 funds or institutions reporting positions in PayPal Holdings. This is an increase of 171 owner(s) or 6.45% in the last quarter. Average portfolio weight of all funds dedicated to PYPL is 0.42%, an increase of 15.72%. Total shares owned by institutions increased in the last three months by 2.69% to 793,208K shares. 
The put/call ratio of PYPL is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 32,407K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 33,070K shares , representing a decrease of 2.05%. The firm increased its portfolio allocation in PYPL by 23.76% over the last quarter.
Comprehensive Financial Management holds 28,164K shares representing 2.81% ownership of the company. No change in the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 26,778K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 26,847K shares , representing a decrease of 0.26%. The firm increased its portfolio allocation in PYPL by 23.43% over the last quarter.
Geode Capital Management holds 21,465K shares representing 2.14% ownership of the company. In its prior filing, the firm reported owning 21,714K shares , representing a decrease of 1.16%. The firm decreased its portfolio allocation in PYPL by 35.81% over the last quarter.
Invesco Qqq Trust, Series 1 holds 19,854K shares representing 1.98% ownership of the company. In its prior filing, the firm reported owning 20,147K shares , representing a decrease of 1.47%. The firm increased its portfolio allocation in PYPL by 29.62% over the last quarter.
PayPal Holdings Background Information
(This description is provided by the company.)
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make [nancial services and commerce more convenient, a ordable, and secure, the PayPal platform is empowering more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
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