![]() ![]() The company’s stock will likely benefit further from the financial performance. Therefore, the Pinterest deal will potentially push PayPal into social commerce, which complements its payment business. In the future, the company intends to expand its features by adding investment capabilities and purchasing cryptocurrency. The added functionality includes a high-yield savings account, in-app shopping tools, up to two-day early access to direct deposit funds, bill pay, and deals and rewards for users. Last month, the company added several new features and services to become a one-stop financial hub. ![]() ![]() If the Pinterest deal is confirmed, it will mirror PayPal’s plan to expand beyond its digital-payments business towards the ‘Super App’ status. Impact of PayPal’s growth on the stock price Source: FinvizĪ majority of the analysts at 21 are bullish about PayPal as they recommend buying the stock, while three are for holding the stock. The average price target represents a 30.29% change from the last reported price of $258.36. They place the average price target at $336.62 with a high forecast of $375.00 and a low forecast of $280.00. Wall Street analysts bullish about PayPalĮlsewhere, 24 Wall Street stock trading analysts have offered 12-month price estimates for PayPal. However, with the stock trading below the strong support at $270 the next support level to watch is $264. If the rebound is swift, investors will be looking for PayPal’s stock to test its all-time high of over $310. Investors are looking for PayPal to retest the $290.00 level and then the $300.00 level. ![]()
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