PayPal: Jefferies still on hold

(CercleFinance.com) - Jefferies confirms its 'hold' rating on PayPal shares, with an unchanged target price of $65.


The analyst comments on the announcement of an extended partnership with Adyen, which will enable the Fastlane offering to be launched in the US.

Adyen already distributes PayPal payment solutions, which makes this extension a natural fit, the broker believes.

For us, the value of the partnership with Adyen lies in its ability to increase consumer awareness and adoption, Jefferies concludes.


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