PayPal price target raised to $82 from $70 at JMP Securities

JMP Securities raised the firm’s price target on PayPal to $82 from $70 and keeps an Outperform rating on the shares. PayPal reported better-than-expected Q1 results with revenue 2% above consensus as transaction revenue and branded checkout year over year growth accelerated, the analyst tells investors in a research note. The firm says it came away from the quarter with greater confidence that PayPal’s new management team is enacting real change with the business and with multiple catalysts ahead.