Bernstein Upgrades PayPal (PYPL) to Outperform

(Updated - January 7, 2020 6:45 AM EST)

(updating comment)

Bernstein analyst Harshita Rawat upgraded PayPal (NASDAQ: PYPL) from Market Perform to Outperform with a price target of $130.00 (from $115.00).

• Sees likelihood for positive revisions in 2020.
• Favors LT optionality for growth acceleration.
• Sees a more manageable eBay roll-off
• Likes potential for sustained margin expansion.

For an analyst ratings summary and ratings history on PayPal click here. For more ratings news on PayPal click here.

Shares of PayPal closed at $110.82 yesterday.

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