PayPal Initiated With $75 Price Target At Susquehanna

By Trey WilliamsMarketWatch Pulse

Analysts at Susquehanna Financial Group set a $75 price target for PayPal, which will begin trading on Monday under the ticker PYPL on the NASDAQ, following its split from eBay Inc. after today's close. Susquehanna analyst James Friedman wrote in a note that the company's roadmap suggests that PayPal has large ambitions as it pursues a strategy for broader merchant acceptance and increased consumer usage. Friedman pointed to the buying power of PayPal's active customers, technology capabilities to help merchants, potential collaborations in its Paydiant customer base and key assets Venmo and Braintree as potential keys to PayPal's success moving forward.

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