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.
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