Goldman Sachs Raises PayPal (PYPL) Price Target

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the 10 Most Promising Fintech Stocks to Buy Now. On July 9, Goldman Sachs raised its price target on PayPal Holdings, Inc. (NASDAQ:PYPL) from $41 to $48 and maintained its Sell rating on the stock.

In a research note, the firm said that the payments sector is relatively well positioned ahead of Q2 earnings, supported by stronger business fundamentals despite the weak performance year-to-date.

A day earlier, on July 8, Barclays analyst Nik Cremo initiated coverage of PayPal Holdings, Inc. (NASDAQ:PYPL), giving the stock an Underweight rating and setting the price target for the stock at $42.

The analyst noted that after a broad reset across the sector, investors can focus on identifying and selecting companies with durable business models that are well positioned for long term growth. These comments come as Barclays launched coverage of the US payments and fintech industry.

PayPal Holdings, Inc. (NASDAQ:PYPL) is a global financial technology company that operates an online payment system and offers digital payments to consumers and merchants. The company provides online payment solutions in about 200 markets.

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