{"id":133063,"date":"2023-06-10T03:39:33","date_gmt":"2023-06-10T03:39:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=133063"},"modified":"2023-06-10T03:39:33","modified_gmt":"2023-06-10T03:39:33","slug":"goldman-sachs-maintains-paypal-buy-recommendation","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/goldman-sachs-maintains-paypal-buy-recommendation\/","title":{"rendered":"Goldman Sachs Maintains PayPal Buy Recommendation"},"content":{"rendered":"

Fintel reports that on June 9, 2023, Goldman Sachs maintained coverage of PayPal Holdings (NASDAQ:PYPL) with a Buy<\/strong> recommendation.<\/p>\n

Analyst Price Forecast Suggests 49.89% Upside<\/strong><\/p>\n

As of June 1, 2023, the average one-year price target for PayPal Holdings is 96.29. The forecasts range from a low of 58.58 to a high of $168.00. The average price target represents an increase of 49.89% from its latest reported closing price of 64.24.<\/p>\n

See our leaderboard of companies with the largest price target upside.<\/p>\n

The projected annual revenue for PayPal Holdings is 30,654MM, an increase of 9.19%. The projected annual non-GAAP EPS is 4.86.<\/p>\n

What is the Fund Sentiment?<\/strong><\/p>\n

There are 3122 funds or institutions reporting positions in PayPal Holdings. This is a decrease of 42 owner(s) or 1.33% in the last quarter. Average portfolio weight of all funds<\/strong> dedicated to PYPL is 0.51%, an increase of 5.55%. Total shares owned by institutions decreased in the last three months by 0.45% to 904,140K shares. The put\/call ratio of PYPL is 0.57, indicating a bullish outlook.<\/p>\n

What are Other Shareholders Doing?<\/strong><\/p>\n

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 34,959K shares representing 3.13% ownership of the company. In it’s prior filing, the firm reported owning 34,601K shares, representing an increase<\/strong> of 1.02%. The firm decreased<\/strong> its portfolio allocation in PYPL by 0.53% over the last quarter.<\/p>\n

Ofi Invest Asset Management holds 33,281K shares representing 2.98% ownership of the company.<\/p>\n

Comprehensive Financial Management holds 29,662K shares representing 2.66% ownership of the company. In it’s prior filing, the firm reported owning 29,762K shares, representing a decrease<\/strong> of 0.34%. The firm increased<\/strong> its portfolio allocation in PYPL by 0.15% over the last quarter.<\/p>\n

VFINX – Vanguard 500 Index Fund Investor Shares holds 26,400K shares representing 2.37% ownership of the company. In it’s prior filing, the firm reported owning 26,354K shares, representing an increase<\/strong> of 0.17%. The firm decreased<\/strong> its portfolio allocation in PYPL by 0.95% over the last quarter.<\/p>\n

Geode Capital Management holds 20,947K shares representing 1.88% ownership of the company. In it’s prior filing, the firm reported owning 20,712K shares, representing an increase<\/strong> of 1.12%. The firm decreased<\/strong> its portfolio allocation in PYPL by 0.26% over the last quarter.<\/p>\n

PayPal Holdings Background Information<\/strong>
\n(This description is provided by the company.)<\/span><\/p>\n

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.<\/p>\n

Key filings for this company:<\/p>\n