Analysts of Citigroup They met last Monday with the CEO, Alex Chriss, and CFO, Jamie Miller, of PayPal Holdings. The meeting was fruitfulsince the bank upgraded its outlook and raised its price target from $79 to $81 with a buy rating.
During the meeting there was a debate about the PayPal transition with its 3.0 strategy.
According to Citigroup, the company is giving big steps in its structurewhich would entail a better strategic execution. This feels foundations for a growing product portfolioeither by own development or through acquisitions.
Citigroup expects a Improved PayPal investor confidence thanks to favorable setup for this year. Which will allow a future profit growth.
What do the rest of the analysts say?
According to Tipranks, PayPal has the review by 28 analysts divided into 13 buys and 15 hold. He average price target is $74.55 with a high forecast of $90 and a low forecast of $65. The average price target represents a 21.14% change from Thursday’s close.
Andrew Bauch, analyst Wells Fargorecommends maintain with a target price of $65.
Gustavo Gala, Monness analystrecommends buy with a target price of $88.
PayPal Holdingsaccumulated three days of falls in the stock market, falling to $61.65 at Thursday’s close. The 70 and 200 period moving averages surround the last candle, RSI down at 41 points and MACD lines just above the zero level.
Medium-term support is at $60.85. Meanwhile, Ei indicators are mixed.
