Argus Research Remains a Buy on PayPal Holdings (PYPL)
Argus Research analyst Stephen Biggar maintained a Buy rating on PayPal Holdings yesterday and set a price target of $70.00.
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Biggar covers the Financial sector, focusing on stocks such as Lazard, M&T Bank, and Robinhood. According to TipRanks, Biggar has an average return of 16.4% and a 69.35% success rate on recommended stocks.
In addition to Argus Research, PayPal Holdings also received a Buy from KBW’s Sanjay Sakhrani in a report issued today. However, on the same day, Mizuho Securities maintained a Hold rating on PayPal Holdings (NASDAQ: PYPL).
Based on PayPal Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.68 billion and a net profit of $1.1 billion. In comparison, last year the company earned a revenue of $8.29 billion and had a net profit of $1.26 billion
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PYPL in relation to earlier this year. Last month, Jamie Miller, the Chief Fin & Op Officer of PYPL bought 6,129.00 shares for a total of $254,537.37.
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