RBC Capital Bullish on PayPal's Growth Potential
PayPal Holdings, Inc. (NASDAQ: PYPL) is among the 11 Best Fintech Stocks to Buy Right Now. RBC Capital reaffirmed an “Outperform” rating on June 26 with a $88 price target, citing growth potential after a successful keynote presentation at the RBC Fintech Conference.
RBC Capital identified three key factors supporting PayPal’s positive outlook. Venmo’s card and Pay with Venmo features are expected to drive growth. Improvements to the branded checkout product have boosted total payment volume and monthly active account growth.
PayPal’s unbranded offerings are contributing to transaction margin dollar growth, thanks to a price-to-value strategy. RBC Capital sees growth opportunities through international expansion and value-added services penetration. The company operates in 200 markets, offering online payment solutions to consumers and merchants.
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Read more at Yahoo Finance: RBC Capital Maintains Outperform Rating on PayPal (PYPL)
