PayPal Upgraded to Buy at Mizuho on Fastlane Prospects
Mizuho USA upgraded PayPal Holdings to Buy from Neutral, citing the potential for the fintech's newly introduced Fastlane product and the stabilization of its branded checkout trends.Analyst Dan Dolev said Mizuho's analysis of the Fastlane product suggests the potential for $1.0B-$1.5B transaction margin dollar increase, about 5%-10% upside, in the medium term, based on the $1.43T of annual e-commerce spending market addressable by Fastlane.In addition, the analysis of two dozen of PayPal's la