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Benzinga

Business

Chris Katje

PayPal Analysts Increase Price Targets Following Earnings Report, Elliott Management's $2B Investment

PayPal Elliott Management Elliott Elliot PYPL Jason Kupferberg Josh Beck James Faucette John Davis Mayank Tandon

Analysts are diving into the second quarter earnings report from PayPal Holdings (NASDAQ:PYPL) and evaluating what a $2 billion stake from Elliott Management could mean for the financial technology company's future.

The PayPal Analysts: After PayPal said second-quarter revenue increased 9% year-over-year to $6.8 billion, which beat the estimate of $6.78 billion according to data from Benzinga Pro, these analysts chimed in:

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Top stories on inkl right now

Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

Heitor Amaral was allegedly unarmed, but the shooter claimed self-defense.

We Got This Covered

Nicaragua torture victim imprisoned for second time after being deported by U.S.

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A Nicaraguan exile who was imprisoned and tortured after protesting against that country's government was deported by the U.S. back to his country, where he was immediately imprisoned once again by authorities

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Ken Paxton is trailing in the Texas Senate race. Then a secret recording exposes who is actually running his campaign: ‘I don’t control the message’

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"It’s all coming—you know—from D.C."

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Moment Arizona cops shove a college cheerleader to the ground to arrest her

Moment Arizona cops shove a college cheerleader to the ground to arrest her

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