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PayPal initiated with a Buy at New Street

PayPal initiated with a Buy at New Street

New Street analyst Soomit Datta initiated coverage of PayPal with a Buy rating and $80 price target. The analyst says new CEO Alex Chriss is pivoting PayPal toward value. Fastlane, an enhanced guest checkout, producing key performance indicators “which could be a quite a game changer” for PayPal’s Unbranded business, the analyst tells investors in a research note.

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