U.S. markets closed
  • S&P 500

    4,280.15
    +72.88 (+1.73%)
     
  • Dow 30

    33,761.05
    +424.38 (+1.27%)
     
  • Nasdaq

    13,047.19
    +267.27 (+2.09%)
     
  • Russell 2000

    2,016.62
    +41.36 (+2.09%)
     
  • Crude Oil

    91.88
    -2.46 (-2.61%)
     
  • Gold

    1,818.90
    +11.70 (+0.65%)
     
  • Silver

    20.83
    +0.49 (+2.39%)
     
  • EUR/USD

    1.0257
    -0.0068 (-0.66%)
     
  • 10-Yr Bond

    2.8490
    -0.0390 (-1.35%)
     
  • GBP/USD

    1.2139
    -0.0064 (-0.52%)
     
  • USD/JPY

    133.4800
    +0.4810 (+0.36%)
     
  • BTC-USD

    24,649.45
    +700.39 (+2.92%)
     
  • CMC Crypto 200

    574.64
    +3.36 (+0.59%)
     
  • FTSE 100

    7,500.89
    +34.98 (+0.47%)
     
  • Nikkei 225

    28,546.98
    +727.65 (+2.62%)
     

Morgan Stanley Rates PayPal, Says Its Growth Dependent On E-Commerce Growth Normalization

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Morgan Stanley analyst James Faucette thinks e-commerce growth probably needs to normalize before investors can turn positive on PayPal Holdings, Inc (NASDAQ: PYPL).

  • Faucette had an Over Weight with a price target of $129.

  • Data from the MS Proprietary acceptance tracker supports his view that PYPL's wide acceptance lead and growing merchant share (especially among large sellers) can help it keep growing faster than e-commerce.

  • Also Read: Wells Fargo Sees Tricky Q2 For PayPal Amid Subdued Broader E-Commerce Growth, Inflation; Cuts Price Target By 16%

  • He notes that Pay with Venmo acceptance stood at just 3% by count in 2Q.

  • However, Faucette adds that exposure through Amazon.com Inc (NASDAQ: AMZN), where it should become available in 2H, and its reach to 85 million young consumers should support Venmo's further expansion among merchants.

  • Faucette thinks that it probably makes sense for PYPL to work toward integrating other BNPL options like Affirm Holdings, Inc (NASDAQ: AFRM) and Klarna into its branded checkout option.

  • Price Action: PYPL shares traded higher by 2.32% at $82.10 on the last check Thursday.

Latest Ratings for PYPL

Date

Firm

Action

From

To

Mar 2022

B of A Securities

Downgrades

Buy

Neutral

Feb 2022

Mizuho

Maintains

Buy

Feb 2022

Barclays

Maintains

Overweight

View More Analyst Ratings for PYPL

View the Latest Analyst Ratings

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.