Wells Fargo Initiates PayPal Holding (PYPL) With an Equal Weight

​PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On September 22, Wells Fargo initiated coverage of PayPal Holdings, Inc. (NASDAQ:PYPL) with an Equal Weight rating and $74 price target.

​The firm noted that they started coverage on 20 stocks in the payments and processors, and IT services sectors. Wells Fargo highlighted that the payments sector specifically has suffered from the rotation to the AI stocks. On the other hand, there have been multiple instances of subpar execution from payment companies. Despite this, the firm believes that too many stocks in this sector have been painted by the same brush. They believe that while the sector has “been a minefield for investors,” they still see some attractive opportunities.

PayPal Holdings, Inc. (NASDAQ:PYPL) provides digital financial payment platforms for consumers and merchants.

While we acknowledge the potential of PYPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.