|Bid||80.86 x 2200|
|Ask||81.00 x 1400|
|Day's Range||80.49 - 82.72|
|52 Week Range||50.83 - 86.32|
|PE Ratio (TTM)||55.07|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.11|
Foot Locker, PayPal and Lionsgate are the Yahoo Finance charts of the day.
Despite all the buzz and excitement, mobile payment in stores still hasn’t gained much steam in the U.S. Yahoo Finance’s Seana Smith, Jen Rogers and Dan Howley, as well as BBG Ventures’ Susan Lyne, discuss.
Let's check out the Yahoo Finance charts of the day. Foot Locker (FL): Shares are up in early trade, at around 9.8%. The athletic apparel and footwear company reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. PayPal (PYPL): Shares down here, .61%. Stifel raises its rating to buy from hold for PayPal shares, citing the company's move to offer more financial services for its customers. Lionsgate (LGF-A): Shares up here, around 6.2%. The movie studio reported adjusted quarterly profit of 25 cents per share, compare to anticipated loss. The company saw a particularly strong contribution from its media networks unit with revenue more than doubling from a year earlier. For more on today's big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.
PayPal is acquiring Swedish payment tech start-up iZettle for $2.2 billion. Kroger is buying a meal-kit company called Home Chef. A site that connects pet owners with sitters and walkers, Rover, raised $155 million.
Shares of digital payments company didn’t move much early Friday, but reaction to the vision the company shared during its investor presentations a day earlier appears positive. Well, not just vision: The company guided investors toward accelerated revenue growth of about 18%—and EPS growth of 20%—over the next 3 to 5 years. Stifel analysts, for example, updated PayPal Holdings’ (PYPL) shares to “buy,” setting a $99 price target, some 22% above current levels, on the stock, in essence getting on board with management’s characterization of the company as a leader in the quest to kill the “dead cow” wallet.
Despite an increasingly competitive environment in international payments, e-commerce and physical stores, one team of analysts views market pioneer PayPal Holdings Inc. ( PYPL) as positioned to lead the segment, driving its shares to outperform the broader market as it expands its 1% stake in global payment volumes.
Here are some things going on today in the world of tech: Shares of streaming pioneer Roku (ROKU) are up $1.61, or 4.5%,% at $37.60, after noted short-selling firm Citron Research announced that it is reversing its short call on the stock—first issued just after the company’s November IPO—after concluding the stock is undervalued relative to peers in the “over the top,” or OTT, video market. In a report posted online, with no byline, the firm notes Roku shares are "trading at the largest discount ever to OTT peers despite being the only OTT pure play that generates ad revenue." The authors point out Roku's multiple of enterprise value to sales relative to Netflix (NFLX) and ad broker Trade Desk (TTD) is so low that Roku "has gone from the most expensive to by far the cheapest" segment play.
The stock market was mixed to close out the week ahead of the three-day Memorial Day weekend. PayPal received an analyst upgrade.
Alphabet's (GOOGL) unit Google bolsters its footprint in payment market with the latest updates on its payment services by strengthening relationship with PayPal.
Among the companies with shares expected to trade actively in Friday's session are Amazon.com, Apple, PayPal, United Continental and Foot Locker.
PayPal Holdings (PYPL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Paypal's reputation as an online checkout company no longer applies, as the company made it clear it is now a global payments platform with a large addressable market opportunity, Devitt said in the upgrade note. PayPal's market share is less than 1 percent of the total market, with an estimated total payment volume of $581 billion in 2018, Devitt said.
Shares of PayPal Holdings Inc. are up 1.3% in premarket trading Friday after Stifel analyst Scott Devitt raised his rating on the stock to buy from hold. Devitt's upgrade comes on the heels of the company's second-ever investor day, which took place Thursday in San Francisco. "We believe PayPal is still in the early stages of its transformation from a button/online checkout company to a global payments platform with a sizable addressable market opportunity," Devitt wrote.
Here comes the market collapse. Opined long-time market bull Jim Paulsen of The Leuthold Group: "From the market low, leadership has been comprised by a weird combination of sectors, raising questions about whether this rally is sustainable?" Since the market's low, noted Paulsen, the top five performing S&P 500 sectors were an inflation play (energy), two growth plays (technology and consumer discretionary), and two traditional defensive sectors (utilities and real Estate).