Traders cashing in on PayPal success

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The above chart plots the increase in share value which has grown steadily from the beginning the year, and which is expected to continue after the third quarter earnings report is released.


In his note to clients Faucette noted that the market may have been overly concerned about a potentially negative impact of renegotiation of its contract with eBay, and that PayPal is maintaining its massive acceptance as an e-commerce website over other digital wallets and that it is expected to benefit significantly from e-commerce tailwinds.


What PayPal has over its competitors is consumer trust. It feels like it has been around for a long time, and that’s a priceless commodity in the e-commerce age.
Since its spin-off from former parent company eBay in 2015 PayPal has expanded into a payments service provider, incorporating mobile payments into its operations. It has also reaped the benefits of giving consumers more options at checkout by using credit cards following its online checkout deals with Visa and Mastercard in 2016.
Bernstein’s Lisa Ellis sees PayPal grabbing an even greater portion of the market over the next three years and her positive prognosis has been echoed by analysts at BTIG, Merrill Lynch and Barclays.


One area where more growth is possible for PayPal is by forming partnerships with retailers who are looking for ways to better compete with Amazon.
Deutsche Bank have described PayPal’s social payment app Venmo as its “crown jewel” which they believe will accelerate revenue growth in the coming months and years.



In his note to clients Faucette noted that the market may have been overly concerned about a potentially negative impact of renegotiation of its contract with eBay, and that PayPal is maintaining its massive acceptance as an e-commerce website over other digital wallets and that it is expected to benefit significantly from e-commerce tailwinds.

It looks like a great time for traders to start getting friendly with PayPal (PYPL) shares after Morgan Stanley’s James Faucette upped his price target to 76 from 62 along with a number of other analysts who are equally enthusiastic about the online payment service provider.




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