Jefferies to reiterate the growth of PayPal share rates

As per analyst John Hecht, PayPal is about to outpace boarder ecommerce industry volume growth rates, due to its board consumer base and extensive merchant footprint.

Moreover, PayPal share has risen 2% since Wednesday, September 12, while Hecht has increased his price target from USD 100 to USD 110 for PayPal shares, which represents 21% upside to Tuesday’s 2018 close.

The same analyst mentions that since 2008 the annual growth rate has leapt to 13%, with 244 mln active registered account at the end of June. The mobile total payment has ascended to 40%, and the daily active users of PayPal’s mobile app has reached 600.000 in Q2.

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright