- PayPal (PYPL, Financial) partners with Tencent for expanded global remittance via Xoom, boosting presence in China.
- Analysts project a potential 42.90% upside for PYPL with a target price of $89.44.
- GuruFocus estimates suggest a 52.71% upside based on the GF Value for PayPal.
PayPal Holdings Inc. (PYPL) is making strategic moves to enhance its global footprint by entering into a pivotal partnership with Tencent. This collaboration leverages PayPal's remittance service, Xoom, to facilitate seamless fund transfers to Weixin Pay users in China. This initiative strategically follows PayPal's acquisition of GoPay, aligning with its broader international expansion strategy.
Wall Street Analysts Forecast
According to projections from 36 seasoned analysts, PayPal Holdings Inc. (PYPL) is expected to reach an average target price of $89.44 over the next year. Estimates span a high of $125.00 down to a low of $64.00, positioning the average target to suggest a compelling 42.90% upside potential from the current trading price of $62.59. For more in-depth forecast data, visit the PayPal Holdings Inc (PYPL, Financial) Forecast page.
The consensus from 46 brokerage firms places PayPal Holdings Inc.'s (PYPL) average brokerage recommendation at 2.3. This denotes an "Outperform" status on a scale where 1 represents Strong Buy and 5 indicates Sell. This consensus is a testament to PayPal's strategic positioning and market potential.
From the perspective of GuruFocus estimates, the GF Value for PayPal Holdings Inc. (PYPL) over the next year is valued at $95.58. This estimate points to a promising 52.71% upside relative to the current price of $62.59. The GF Value metric is a reflection of the fair value at which the stock should be traded, derived from historical trading multiples, past business growth, and projected business performance. For a more in-depth look at the data, explore the PayPal Holdings Inc (PYPL, Financial) Summary page.
