RBC Capital Maintains Outperform Rating on PayPal (PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the 11 Best Fintech Stocks to Buy Right Now. On June 26, RBC Capital reiterated an “Outperform” rating for PayPal Holdings, Inc. (NASDAQ:PYPL) with a price target of $88.

The research firm expressed confidence in the company’s ability to grow after the company’s keynote presentation at the RBC Fintech Conference.

RBC Capital pointed out three key factors that support the positive stance on PayPal Holdings, Inc. (NASDAQ:PYPL). The firm believes Venmo can drive growth through its card and Pay with Venmo features.

Second, PayPal Holdings, Inc. (NASDAQ:PYPL) has made improvements to its branded checkout product. This is supporting total payment volume acceleration and monthly active account growth.

Finally, RBC Capital highlighted that PayPal Holdings, Inc.’s (NASDAQ:PYPL) unbranded offerings are now adding to transaction margin dollar growth because of the company’s price-to-value strategy. The firm also sees more opportunities for PayPal Holdings, Inc. (NASDAQ:PYPL) to grow through international expansion and value-added services penetration.

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 approximately 200 markets.

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