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  1. #1
    Nadilapars is offline Banned
    Join Date
    Sep 2017
    Posts
    54

    Default Traders cashing in on PayPal success

    In his note to clients Faucette noted that the market may have been overly concerned about a potentially negative impact of renegotiation of its contract with eBay, and that PayPal is maintaining its massive acceptance as an e-commerce website over other digital wallets and that it is expected to benefit significantly from e-commerce tailwinds.

    It looks like a great time for traders to start getting friendly with PayPal (PYPL) shares after Morgan Stanley’s James Faucette upped his price target to 76 from 62 along with a number of other analysts who are equally enthusiastic about the online payment service provider.
    The above chart plots the increase in share value which has grown steadily from the beginning the year, and which is expected to continue after the third quarter earnings report is released.

    In his note to clients Faucette noted that the market may have been overly concerned about a potentially negative impact of renegotiation of its contract with eBay, and that PayPal is maintaining its massive acceptance as an e-commerce website over other digital wallets and that it is expected to benefit significantly from e-commerce tailwinds

  2. #2
    Angel candy is offline Senior Member
    Join Date
    Mar 2016
    Posts
    258

    Default

    PYPL is new to market?? OR I am not able to get the idea of the post? What is the exact meaning of it?

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