PayPal (NASDAQ: PYPL) has been one of the undisputed winners from the shift to e-commerce and digital payments that accompanied the stay-at-home orders and government mandated lockdowns. The payment processing giant has seen its stock jump more than 50% so far in 2019, but its run isn't over according to one analyst.
Robert W. Baird analyst Colin Sebastian reiterated an outperform (buy) rating on PayPal, while ratcheting his price target to $175, up from its previous level of $153. Baird cited market share gains and encouraging new user and engagement trends.
Image source: PayPal.
Source Fool.com