$PayPal(PYPL)$ Let's start with the Tech side of things:
1. Has flipped the PARSAR bullish on the daily and is about to flip it bullish on the weekly
2. Accum/Distri has begun to climb sideways and upwards on the daily and the weekly after being down since Oct last year
3. MACD is been flipped bullish on the Daily and is about to be flipped bullish on the weekly
This is just a few of the technicals that have turned bullish in the last few weeks, there are several more.
Analysts:
1. MoffettNathanson's Lisa Ellis raised her buy recommendation to $190 this past week
2. Deutsche Bank's Bryan Keane raised his buy recommendation to $200
Why are they Bullish?
Keane met with Paypal's CFO John Rainey this past week, following which he wrote that: "Beyond new product initiatives, PYPL also stands to benefit from expanding into China later in the year (catalyst for [full year 2023]) as well as through increased omni-channel capabilities as it integrates card based solutions and Zettle."
Zettle by PayPal is its point-of-sale solution; its maker was bought by PayPal in 2018.
Ellis wrote that she believes the stock is very attractively priced, and that she "[sees] upside from the strong U.S. eBay growth (27% in 4Q21), a macro recovery in China and other international markets, and the rollout of new services, including [buy now, pay later], crypto investing, and bill payment."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- LovelyGoals3·2022-03-27[Strong]1Report
- GES·2022-03-24👍👍👍LikeReport
- StevieLim·2022-03-25buy buy buyLikeReport