.September 19, 2024 (Thursday) 09:20 AM

Mizuho analysts reaffirmed their Outperform rating for PayPal (NASDAQ:PYPL) with a $90 price target after news of a partnership with Amazon. PayPal is now available as a payment option at “Buy with Prime” checkout, initially for select merchants. This collaboration is seen as a significant milestone for PayPal’s Branded Checkout service, marking its first direct partnership with Amazon. The partnership with Amazon adds to PayPal’s recent collaborations with Adyen and other financial institutions, showcasing its strong position in the payments ecosystem with over 400 million active users and 35 million merchant relationships.