PayPal upgraded by Stifel because of its addition of new financial services
Stifel raises its rating to buy from hold for PayPal shares, citing the company’s move to offer more financial services for its customers.
The firm is optimistic PayPal will grow rapidly due to the size of the global payments market.
PayPal shares will rise as it adds new financial services for its customers, according to one Wall Street firm.

Stifel raised its rating to buy from hold for PayPal shares, citing the company’s large new growth opportunities.

“PayPal is a leading global online payments platform that is evolving into a robust financial services ecosystem with an expanding value proposition for both merchants and consumers,” analyst Scott Devitt said in a note to clients Thursday.
Dan Schulman, CEO of PayPal
Mark Neuling | CNBC
Dan Schulman, CEO of PayPal
PayPal shares will rise as it adds new financial services for its customers, according to one Wall Street firm.

Stifel raised its rating to buy from hold for PayPal shares, citing the company’s large new growth opportunities.

“PayPal is a leading global online payments platform that is evolving into a robust financial services ecosystem with an expanding value proposition for both merchants and consumers,” analyst Scott Devitt said in a note to clients Thursday.

As the payment wars heat up, PayPal could have a leg above Square As payment wars heat up, PayPal could have a leg above Square
4:38 PM ET Fri, 18 May 2018 | 01:02
“We believe PayPal is well-positioned to benefit from eCommerce growth and the digitization of payments and is broadening its leadership position through its global scale and controlling the end-to-end experience. PayPal is still in the early stages of its transformation from a button/online checkout company to a global payments platform with a sizable addressable market opportunity.”

Devitt increased his price target to $99 from $82 for PayPal shares, representing 21 percent upside to Thursday’s close.

He said the company believes its total market opportunity is about $110 trillion, which includes international payments, payments in e-commerce and physical stores. PayPal has less than 1 percent market share with an estimated 2018 payment volume of $581 billion, according to the analyst.
Read More

Tae Kim
CNBC
8:11 AM ET Fri, 25 May 2018

FROM THE WEB


To lure millennials, Apple, Ikea and Uber are pushing branded credit cards
CNBC
8:30 AM ET Thu, 24 May 2018


PayPal Wants to Consolidate the World of Rewards Points
TheStreet
May 24, 2018 3:27 PM EDT


Visa, Mastercard Push for One-Click Ordering. Retailers Say ‘Not So Fast’
The Wall Street Journal
May 24, 2018 10:42 a.m. ET


Counterfeit fraud at U.S. chip-enabled merchants down 76%
visa
May, 2018


Visa India’s ex-head to lead WhatsApp Pay?
The Times of India
May 26, 2018, 11:53 IST


A Payments Battle Is Brewing in Hong Kong
Bloomberg
May 25, 2018, 2:30 AM GMT+5:30

FROM THE TUBE


Jack Dorsey: Facts About The CEO Of Twitter And Square | CNBC
CNBC
Published on May 21, 2018


Jack Ma Inspirational Dialogue with Tel Aviv University Students
TAUVOD
Published on May 6, 2018


PayPal CEO & Jim Cramer Talk China, Diversity, Alexa and More!
TheStreet: Investing Strategies
Published on May 7, 2018


Wells Fargo Reimagines Mobile Experience with ‘Pay with Wells Fargo’
Wells Fargo
Published on May 10, 2018


Counting the cost of going cashless
Financial Times
Published on May 10, 2018


Technology insights from Day 2
NRF Expo 2018 | Retail Assist Vlog

Retail Assist
Published on Jan 17, 2018

Editors’s Picks