Bank of America Securities analyst Jason Kupferberg maintained a Buy rating on PayPal Holdings (PYPL – Research Report) yesterday and set a price target of $103.00.
Jason Kupferberg has given his Buy rating due to a combination of factors that suggest PayPal Holdings is poised for growth. The company has laid out ambitious financial targets for 2027 and beyond, which exceed market expectations. These include accelerated growth in total payment volume and revenue from Venmo, supported by a disciplined approach to operating expenses and a focus on shareholder returns through buybacks.
Additionally, PayPal’s strategic initiatives, such as the expansion of its new checkout experience and the growth of its Pay Later and Pay with Venmo services, are expected to drive significant branded volume acceleration. The introduction of PayPal Open, a unified commerce platform, aims to enhance both consumer and merchant experiences, further solidifying PayPal’s position in the market. These strategic moves, coupled with strong free cash flow projections, underpin Kupferberg’s positive outlook on the stock.
In another report released today, Mizuho Securities also reiterated a Buy rating on the stock with a $96.00 price target.