Sign up
Tech Capital

Wedbush analyst adds PayPal to 'best ideas' list, lifts price target to US$100

Moshe Katri's enthusiasm for the digital-payments company coincides with PayPal's recent acquisition spree
PayPal logos
PayPal recently acquired its Swedish rival iZettle and Jetlore, an AI-enabled prediction platform

Wedbush analyst Moshe Katri tacked on PayPal Holdings Inc (NASDAQ:PYPL) to the “best ideas” list Friday and lifted his price target on the stock to US$100 from US$90.

“We believe ongoing/recent monetization efforts on both consumer and merchant-facing platforms, V/MA/ banking partnerships as well as its post-eBay separation potential opportunities could potentially accelerate top-line growth, while expanding margins,” Katri wrote.

Katri’s enthusiasm for the digital payments company coincides with PayPal’s recent acquisition spree.

Read: PayPal stumps up US$2.2bn for iZettle

Last month, PayPal took over the Stockholm-based point-of-sale payments provider iZettle to widen its reach in Europe and also revealed its intentions to acquire Jetlore, an AI-enabled prediction platform.

PayPal is typically strong in the online arena, particularly on eBay (NASDAQ:EBAY) (which used to own the company) and the deal with iZettle will strengthen its presence in bricks-and-mortar establishments, particularly in Europe.

iZettle, which provides mobile card readers and offers digital payment services to small businesses, is used by almost half a million merchants.

PayPal shares are flat in early afternoon trade at US$83.74, but have risen 54% in the last year.



Register here to be notified of future PYPL Company articles
View full PYPL profile View Profile
View All

Related Articles

Digital marketing
Lots of marketing groups have pursued a 'buy and build' strategy and have become cumbersome as a result; Be Heard puts the emphasis on maintaining agility

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.