4. Before you start to panic and sell PYPL at this price, do your own research and think. So what are the facts about PYPL?
1) y/y revenue UP by 7.1%, the number of transactions by 10.2%, total payment volume by 10.8%, EPS by 24.7%
2) analysts' price targets after ER with one exception (see below) stay in the range $77 - $110 (I don't count one target $125 by Morgan Stanley as it's clearly unrealistic)
3) the lowest price target ($65) was announced by an analyst named David Togut (Evercore), one of the worst ranked analysts with succes rate 50%. Moreover, on 9th July 21 this clown from Evercore raised the price target to $370 from $319, on 2nd Feb 22 he still recommends to BUY with PT $245, as he did in his last "analysis" form 1st Feb 23. And now this expert finally woke up.
These "experts" say PYPL disappointed when the operating margin decreased from estimated 24% to 22-23% due to higher percentage of non-branded transactions. Yes, it's true, but have these experts ever notice the operating margin of e.g. AMZN?
IMO. the val4. Before you start to panic and sell PYPL at this price, do your own research and think. So what are the facts about PYPL?
1) y/y revenue UP by 7.1%, the number of transactions by 10.2%, total payment volume by 10.8%, EPS by 24.7%
2) analysts' price targets after ER with one exception (see below) stay in the range $77 - $110 (I don't count one target $125 by Morgan Stanley as it's clearly unrealistic)
3) the lowest price target ($65) was announced by an analyst named David Togut (Evercore), one of the worst ranked analysts with succes rate 50%. Moreover, on 9th July 21 this clown from Evercore raised the price target to $370 from $319, on 2nd Feb 22 he still recommends to BUY with PT $245, as he did in his last "analysis" form 1st Feb 23. And now this expert finally woke up.
These "experts" say PYPL disappointed when the operating margin decreased from estimated 24% to 22-23% due to higher percentage of non-branded transactions. Yes, it's true, but have these experts ever notice the operating margin of e.g. AMZN?
IMO. the value of every company lies in its ability to earn profit or cash flow, and there is for me no disappointment in PYPL's earnings results.
I think it's always better to make your own analysis than to believe an analyst. It's always a question who's paying for his analysis.
$PYPL$ Bullish
Comments